American Castle and Land Co. Appraisal ReviewsKevin Bruechert, Texas Real Estate Appraiser and Realtor As stated in an announcement by the Federal Reserve, "financial institutions are required to have an effective, impartial real estate appraisal and evaluation program," and that appraisers performing reviews have to "have the ability and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." At American Castle and Land Co., we provide appraisal review services that are independent, efficient, professional and square with the Federal Reserve's regulations. 
If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, contact us today. Appraisal reviews "have to find out whether the appraisal or evaluation is fitting for the transaction, the risk of the transaction, and whether the means by which the collateral valuation is obtained guarantees independence and quality," according to the Federal Reserve. They "must also denote whether the appraisal or evaluation report matches the letter of engagement, which sets forth the range of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions reinforce typical reviews with post-funding evaluations of appraisal quality for a few of their higher-risk or large-value contracts as a way to assist in uncovering valuation complications." In addition to coordinating our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we can formulate an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At American Castle and Land Co., we're trained in all kinds of appraisal reviews, review processes and the requirements of review appraisers. We understand what makes a quality appraisal and what the most frequent inadequacies are, especially in our home market. The professionals at American Castle and Land Co. are also amply experienced to realize that the competitors in our market are skillful in doing good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust us to ethically evaluate appraisal reports carried out by others. And those others could be studying our work, too! You can count on American Castle and Land Co. for our truthful judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact American Castle and Land Co. to learn more about our qualifications, expertise and service offerings. |