Quality Appraisal Reviews by Quast Appraisal Services
As said in an announcement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation program," and that appraisers fulfilling reviews should "have the ability and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are impartial, qualified, professional and in accordance with the Federal Reserve's regulations, just contact Quast Appraisal Services.
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, contact Quast Appraisal Services today.
According to the Federal Reserve, appraisal reviews "must decide whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the manners by which the collateral valuation is accomplished guarantees independence and quality." They "should also signify whether the appraisal or evaluation report is even with the letter of engagement, which describes the range of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions reinforce periodic reviews with post-funding evaluations of appraisal quality for a number of their high-liability or high-value contracts as a control to aid in addressing valuation disputes."
In addition to coordinating our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we will formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Quast Appraisal Services, we're skilled in every kind of appraisal review, review process and the obligations of review appraisers.
Quast Appraisal Services is aware of what makes a quality appraisal and what the biggest inadequacies are, especially in our real estate market. The professionals at Quast Appraisal Services are also amply skilled to respect that the competition in our market are able to do a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on Quast Appraisal Services to justly look over appraisal reports carried out by others. And those others might be examining our work, too!
You can rely on Quast Appraisal Services for our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact Quast Appraisal Services for more information about our qualifications, expertise and services offered.