Expert Appraisal Reviews with Graham Appraisal
As stated in an announcement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation program," and that appraisers completing reviews ought to "have the familiarity and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." At Graham Appraisal, we provide appraisal review services that are independent, qualified, professional and in line with the Federal Reserve's regulations.
If you're in the need of a real estate appraisal review or have questions regarding an appraisal, contact us today.
The Federal Reserve says appraisal reviews "should figure out whether the appraisal or evaluation is fitting for the transaction, the risk of the transaction, and whether the practices by which the collateral valuation is accomplished ensures independence and quality." Moreover, they "must demonstrate whether the appraisal or evaluation report is compatible with the letter of engagement, which describes the capacity of the appraisal assignment." The Federal Reserve also states that "some institutions augment typical reviews with post-funding evaluations of appraisal quality for a few of their higher-risk or greater-value dealings as a means to help in addressing valuation concerns."
In addition to adjusting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are typically 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 Graham Appraisal, we're skilled in all types of appraisal reviews, review processes and the responsibilities of review appraisers.
Graham Appraisal understands what makes a quality appraisal and what the most prevalent weaknesses are, particularly in our home market. The professionals at Graham Appraisal are also skilled enough to admit that the competition in our market are capable of doing quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust Graham Appraisal to objectively valuate appraisal reports done by others. And those others could be studying our work, too!
When you choose Graham Appraisal, you can rely on our truthful judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and services offered.