Draheim Appraisal Services, LLC Appraisal Reviews
As stated in an announcement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation plans," and that appraisers completing reviews ought to "have the knowledge and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." At Draheim Appraisal Services, LLC, we provide appraisal review services that are unbiased, qualified, professional and in line with the Federal Reserve's regulations.
If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, call Draheim Appraisal Services, LLC today.
Appraisal reviews "should conclude whether the appraisal or evaluation is relevant for the transaction, the risk of the transaction, and whether the procedure by which the collateral valuation is attained ensures independence and quality," according to the Federal Reserve. In addition, they "should show whether the appraisal or evaluation report is true to the engagement letter, which sets forth the extent of the appraisal assignment." The Federal Reserve also says that "some banks add routine reviews with post-funding evaluations of appraisal quality for a number of their higher-liability or large-value dealings as a control to assist in uncovering valuation complications."
In addition to adjusting our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we can 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 skilled in all kinds of appraisal reviews, review procedures and the obligations of review appraisers.
We realize what the greatest weaknesses are, particularly in our real estate market, as well as what makes a quality appraisal. Concurrently, we're adequately trained to realize that the competitors in our market are skillful in doing a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on Draheim Appraisal Services, LLC to fairly review appraisal reports executed by others. And those others could be studying our work, too!
In short, when you choose Draheim Appraisal Services, LLC, you can rely on our neutral judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact Draheim Appraisal Services, LLC regarding our qualifications, expertise and service offerings.