Quality Appraisal Reviews by Graham Appraisal
According to an announcement by the Federal Reserve, "financial institutions are required to have effective, objective real estate appraisal and evaluation plans," and that appraisers completing reviews ought to "have the proficiency and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are impartial, efficient, professional and in accordance with the Federal Reserve's rules, just contact Graham Appraisal.
If you have questions about an appraisal, or if you need a real estate appraisal review, contact us today.
The Federal Reserve says appraisal reviews "have to find out whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the method by which the collateral valuation is obtained ensures independence and quality." Moreover, they "must announce whether the appraisal or evaluation report is true to the engagement letter, which describes the extent of the appraisal assignment." Last, The Federal Reserve states that "some financial institutions augment typical reviews with post-funding assessments of appraisal quality for a few of their high-risk or larger-value contracts as a control to aid in revealing valuation dilemmas."
In addition to coordinating our work to the processes and guidelines of our review customers, 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 Graham Appraisal, we are skilled in every kind of appraisal review, review process and the obligations of review appraisers.
We realize what the greatest weaknesses are, especially in our housing market. We also understand what constitutes a quality appraisal. We're also adequately experienced to recognize that the competition 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 count on Graham Appraisal to lawfully assess appraisal reports carried out by others. And those others could be studying our work, too!
For professional, unbiased, ethical appraisal review services and independent judgments, you can depend on Graham Appraisal. Contact us for more information regarding our qualifications, expertise and services offered.