Quality Appraisal Reviews with Draheim Appraisal Services, LLC
As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation program," and that appraisers completing reviews are obligated to "have the proficiency and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." Draheim Appraisal Services, LLC provides appraisal review services that are unbiased, efficient, professional and compliant with the Federal Reserve's rules.
If you're in the need of a real estate appraisal review or have questions regarding an appraisal, call us today.
Appraisal reviews "must find out whether the appraisal or evaluation is well-suited for the transaction, the liability of the transaction, and whether the procedure by which the collateral valuation is collected guarantees independence and quality," according to the Federal Reserve. They "should also indicate whether the appraisal or evaluation report is true to the engagement letter, which sets forth the extent of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions add periodic reviews with post-funding evaluations of appraisal quality for any of their high-risk or large-value contracts as a method to help in identifying valuation issues."
In addition to coordinating our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we'll develop 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 are trained in all types of appraisal reviews, review practices and the responsibilities of review appraisers.
We realize what constitutes a quality appraisal and what the greatest weaknesses are, specifically in our real estate market. The professionals at Draheim Appraisal Services, LLC are also amply skilled to acknowledge that our competition in our market are qualified to do a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust Draheim Appraisal Services, LLC to ethically study appraisal reports completed by others. And those others could be reviewing our work, too!
At Draheim Appraisal Services, LLC, you can have confidence in our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us for more information about our qualifications, expertise and service offerings.