Quality Appraisal Reviews with Draheim Appraisal Services, LLC
According to an announcement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation plans," and that appraisers performing reviews must "have the knowledge and skills 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 in line with the Federal Reserve's guidelines, contact Draheim Appraisal Services, LLC.
If you need a real estate appraisal review or have questions in reference to an appraisal, contact us today.
Appraisal reviews "have to determine whether the appraisal or evaluation is fitting for the transaction, the uncertainty of the transaction, and whether the practices by which the collateral valuation is obtained guarantees independence and quality," according to the Federal Reserve. They "must also announce whether the appraisal or evaluation report is even with the letter of engagement, which describes the range of the appraisal assignment." Lastly, the Federal Reserve states that "some banks reinforce typical reviews with post-funding assessments of appraisal quality for a few of their high-risk or higher-value affairs as a control to aid in detecting valuation complications."
In addition to adapting our work to the practices 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 one 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 experienced in all kinds of appraisal reviews, review procedures and the obligations of review appraisers.
Draheim Appraisal Services, LLC realizes what the greatest weaknesses are, particularly in our real estate market. We also understand what makes a quality appraisal. We're also skilled enough to admit that our competition in our market are skillful in doing a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on Draheim Appraisal Services, LLC to objectively evaluate appraisal reports done by others. And those others could be reviewing our work, too!
In short, at Draheim Appraisal Services, LLC, you can trust our truthful judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact Draheim Appraisal Services, LLC for more information regarding our qualifications, expertise and services offered.