Graham Appraisal Appraisal Reviews
As said in an announcement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation programs," and that appraisers fulfilling reviews should "have the proficiency and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are impartial, expert, professional and compliant with the Federal Reserve's rules, contact Graham Appraisal.
If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, contact Graham Appraisal today.
The Federal Reserve says appraisal reviews "should determine whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the means by which the collateral valuation is attained ensures independence and quality." They "must also demonstrate whether the appraisal or evaluation report is true to the engagement letter, which describes the capacity of the appraisal assignment." Lastly, the Federal Reserve says that "some banks augment typical reviews with post-funding assessments of appraisal quality for a number of their high-liability or greater-value affairs as a method to help in uncovering valuation disputes."
In addition to conforming our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we'll prepare 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 Graham Appraisal, we are trained in every kind of appraisal review, review practice and the obligations of review appraisers.
We realize what the biggest defects are, specifically in our home market. We also understand what makes a quality appraisal. In the same sense, the professionals at Graham Appraisal are sufficiently trained to respect that our competitors in our market are qualified to do a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust us to lawfully assess appraisal reports executed by others. And those others might be examining our work, too!
In short, when you choose Graham Appraisal, you can have confidence in our independent judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact Graham Appraisal for more information about our qualifications, expertise and service offerings.