Quality Appraisal Reviews with Draheim Appraisal Services, LLC
As stated in an announcement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation plans," and that appraisers performing reviews are obligated to "have the knowledge and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." Here at Draheim Appraisal Services, LLC, we provide appraisal review services that are objective, expert, professional and compliant with the Federal Reserve's rules.
If you have questions about an appraisal, or if you need a real estate appraisal review, call us today.
Appraisal reviews "have to determine whether the appraisal or evaluation is relevant for the transaction, the uncertainty of the transaction, and whether the methods by which the collateral valuation is accomplished ensures independence and quality," as stated by the Federal Reserve. They "should also denote whether the appraisal or evaluation report is compatible with the letter of engagement, which sets forth the range of the appraisal assignment." The Federal Reserve also notes that "some banks augment routine reviews with post-funding surveys of appraisal quality for any of their higher-risk or large-value dealings as a means to aid in revealing valuation complications."
In addition to conforming our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are normally 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 Draheim Appraisal Services, LLC, we're qualified in all forms of appraisal reviews, review practices and the responsibilities of review appraisers.
We're aware of what the most common deficiencies are, particularly in our housing market, as well as what makes a quality appraisal. We're also experienced enough to acknowledge that our competition in our market are able to do a great 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 evaluate appraisal reports carried out by others. And those others could be reviewing our work, too!
When you choose Draheim Appraisal Services, LLC, you can be sure of our independent judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact Draheim Appraisal Services, LLC to learn more about our qualifications, expertise and services offered.