Quality Appraisal Reviews with The August Group Inc.

As said in a statement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation procedures," and that appraisers completing reviews should "have the knowledge and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are unbiased, qualified, professional and compliant with the Federal Reserve's rules, just contact The August Group Inc..

Appraisal reviews "should find out whether the appraisal or evaluation is suitable for the transaction, the uncertainty of the transaction, and whether the methods by which the collateral valuation is accomplished guarantees independence and quality," as stated by the Federal Reserve. They "should also indicate whether the appraisal or evaluation report is even with the engagement letter, which describes the capacity of the appraisal assignment." Lastly, the Federal Reserve says that "some financial institutions reinforce typical reviews with post-funding evaluations of appraisal quality for a few of their high-risk or higher-value affairs as a way to help in discovering valuation dilemmas."

In addition to adjusting our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we can produce an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at The August Group Inc., we are qualified in all forms of appraisal reviews, review practices and the obligations of review appraisers.