Appraisal Reviews by Draheim Appraisal Services, LLC
As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers performing reviews must "have the proficiency and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are impartial, efficient, professional and compliant with the Federal Reserve's regulations, look no further than Draheim Appraisal Services, LLC.
If you're in the need of a real estate appraisal review or have questions regarding an appraisal, contact Draheim Appraisal Services, LLC today.
The Federal Reserve says appraisal reviews "ought to find out whether the appraisal or evaluation is relevant for the transaction, the danger of the transaction, and whether the procedure by which the collateral valuation is collected guarantees independence and quality." In addition, they "should signify whether the appraisal or evaluation report matches the letter of engagement, which gives an account of the capacity of the appraisal assignment." Last, The Federal Reserve says that "some institutions augment regular reviews with post-funding assessments of appraisal quality for a number of their high-liability or higher-value contracts as a means to assist in discovering valuation dilemmas."
In addition to adapting our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we can 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 Draheim Appraisal Services, LLC, we are qualified in every kind of appraisal review, review practice and the obligations of review appraisers.
We realize what the most common weaknesses are, particularly in our real estate market. We also know what amounts to a quality appraisal. We're also sufficiently trained to respect that the competitors in our market are skillful in doing a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust us to ethically valuate appraisal reports done by others. And those others could be examining our work, too!
When you choose Draheim Appraisal Services, LLC, you can be sure of our truthful judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact us for more information about our qualifications, expertise and services offered.