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Appraisal Reviews with CAS Appraisal Services, LLCAs said in an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that it's the expectation of appraisers completing reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." At CAS Appraisal Services, LLC, we provide appraisal review services that are objective, qualified, professional and in line with the Federal Reserve's guidelines.The purpose of appraisal reviews are to detect: whether the original appraisal or evaluation is pertinent for the transaction, the exposure inherit in the transaction, and whether the manner by which the real estate valuation is rendered ensures independence and quality. Moreover, they should show whether the appraisal or evaluation report is compatible with the letter of engagement, which sets forth the scope of the appraisal assignment. Lastly, the Federal Reserve also states that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".
In addition to coordinating our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we'll 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 CAS Appraisal Services, LLC, we are skilled in every form of appraisal review, review process and the requirements of review appraisers.
You can depend on CAS Appraisal Services, LLC for our neutral judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and service offerings. |
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CAS Appraisal Services, LLC understands what the greatest reporting weaknesses are, particularly in our home market. We also understand what makes a quality appraisal.
The professionals at CAS Appraisal Services, LLC are also amply trained to realize that our competitors in our market are skillful in doing quality work.
The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust CAS Appraisal Services, LLC to lawfully evaluate appraisal reports executed by others. And those others could be examining our work, too!