Experienced Appraisal Reviews with Graham Appraisal
As said in a statement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation programs," and that appraisers doing reviews should "have the knowledge and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." Graham Appraisal provides appraisal review services that are objective, efficient, professional and compliant with the Federal Reserve's regulations.
If you're in the need of a real estate appraisal review or have questions regarding an appraisal, call Graham Appraisal today.
Appraisal reviews "ought to figure out whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the procedure by which the collateral valuation is accomplished ensures independence and quality," as stated by the Federal Reserve. They "must also signify whether the appraisal or evaluation report is true to the engagement letter, which gives an account of the scope of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions add regular reviews with post-funding surveys of appraisal quality for a few of their higher-liability or larger-value dealings as a way to help in exposing valuation problems."
In addition to adjusting our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we'll formulate 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 are qualified in all types of appraisal reviews, review processes and the obligations of review appraisers.
Graham Appraisal is aware of what amounts to a quality appraisal and what the greatest inadequacies are, especially in our housing market. Concurrently, we're skilled enough to respect that the competition in our market are capable of a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on us to objectively review appraisal reports completed by others. And those others might be reviewing our work, too!
Here at Graham Appraisal, you can trust our honest judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact us to learn more about our qualifications, expertise and service offerings.