Experienced Appraisal Reviews with The August Group Inc.

As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers doing reviews ought to "have the ability and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are unbiased, expert, professional and in accordance with the Federal Reserve's guidelines, look no further than The August Group Inc..

Appraisal reviews "ought to verify whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the process by which the collateral valuation is attained ensures independence and quality," the Federal Reserve says. In addition, they "should demonstrate whether the appraisal or evaluation report matches the engagement letter, which sets forth the scope of the appraisal assignment." The Federal Reserve also says that "some financial institutions supplement routine reviews with post-funding assessments of appraisal quality for any of their high-liability or large-value dealings as a means to aid in uncovering valuation concerns."

In addition to tailoring our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we will produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At The August Group Inc., we are qualified in every kind of appraisal review, review procedure and the requirements of review appraisers.