Appraisal Reviews with Draheim Appraisal Services, LLC
As said in a statement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation plan," and that appraisers completing reviews ought to "have the familiarity and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are unbiased, efficient, professional and in line with the Federal Reserve's guidelines, contact Draheim Appraisal Services, LLC.
If you're in the need of a real estate appraisal review or have questions about an appraisal, contact us today.
As stated by the Federal Reserve, appraisal reviews "ought to figure out whether the appraisal or evaluation is suitable for the transaction, the danger of the transaction, and whether the procedures by which the collateral valuation is collected ensures independence and quality." Moreover, they "must demonstrate whether the appraisal or evaluation report is true to the engagement letter, which gives an account of the outlook of the appraisal assignment." The Federal Reserve also says that "some financial institutions add regular reviews with post-funding assessments of appraisal quality for any of their higher-liability or higher-value transactions as a means to help in revealing valuation problems."
In addition to coordinating 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 will formulate 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 every form of appraisal review, review procedure and the requirements of review appraisers.
We realize what the most frequent weaknesses are, particularly in our home market, as well as what amounts to a quality appraisal. We're also adequately experienced to recognize that our competition in our market are capable of doing a good 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 fairly assess appraisal reports completed by others. And those others might be evaluating our work, too!
For professional, impartial, ethical appraisal review services and honest judgments, you can rely on Draheim Appraisal Services, LLC. Contact Draheim Appraisal Services, LLC regarding our qualifications, expertise and services offered.