Expert Appraisal Reviews with Astra Appraisal Services

As said in an announcement by the Federal Reserve, "financial institutions are required to have effective, independent real estate appraisal and evaluation procedures," and that appraisers completing reviews should "have the knowledge and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are impartial, expert, professional and square with the Federal Reserve's guidelines, look no further than Astra Appraisal Services.

Appraisal reviews "should verify whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the method by which the collateral valuation is attained ensures independence and quality," the Federal Reserve says. In addition, they "must show whether the appraisal or evaluation report is even with the engagement letter, which describes the extent of the appraisal assignment." Last, The Federal Reserve notes that "some banks supplement periodic reviews with post-funding surveys of appraisal quality for a few of their high-risk or greater-value transactions as a way to aid in uncovering valuation disputes."

In addition to conforming our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we can 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 Astra Appraisal Services, we are qualified in every type of appraisal review, review procedure and the obligations of review appraisers.