Appraisal Reviews with Draheim Appraisal Services, LLC
As stated in an announcement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation plan," and that appraisers fulfilling reviews have to "have the ability and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are unbiased, efficient, professional and square with the Federal Reserve's rules, just contact Draheim Appraisal Services, LLC.
If you're in the need of a real estate appraisal review or have questions about an appraisal, call us today.
The Federal Reserve says appraisal reviews "have to verify whether the appraisal or evaluation is suitable for the transaction, the uncertainty of the transaction, and whether the procedures by which the collateral valuation is acquired ensures independence and quality." Moreover, they "should demonstrate whether the appraisal or evaluation report is true to the engagement letter, which gives an account of the outlook of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions supplement regular reviews with post-funding assessments of appraisal quality for some of their high-liability or large-value dealings as a channel to aid in identifying valuation concerns."
In addition to coordinating our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we'll prepare 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 Draheim Appraisal Services, LLC, we're trained in every type of appraisal review, review practice and the responsibilities of review appraisers.
Draheim Appraisal Services, LLC realizes what the most prevalent weaknesses are, particularly in our home market, as well as what makes a quality appraisal. In this regard, we are amply skilled to respect that the competition in our market are qualified to do a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust us to objectively assess appraisal reports carried out by others. And those others might be examining our work, too!
When you choose Draheim Appraisal Services, LLC, you can rely on our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact Draheim Appraisal Services, LLC for more information regarding our qualifications, expertise and service offerings.