Expert Appraisal Reviews by Graham Appraisal
According to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation program," and that appraisers doing reviews are obligated to "have the ability and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." Graham Appraisal provides appraisal review services that are independent, expert, professional and in accordance with the Federal Reserve's rules.
If you have questions regarding an appraisal, or if you need a real estate appraisal review, call Graham Appraisal today.
Appraisal reviews "ought to decide whether the appraisal or evaluation is relevant for the transaction, the risk of the transaction, and whether the procedures by which the collateral valuation is collected guarantees independence and quality," as stated by the Federal Reserve. In addition, they "should announce whether the appraisal or evaluation report is even with the engagement letter, which describes the capacity of the appraisal assignment." Last, The Federal Reserve states that "some financial institutions reinforce typical reviews with post-funding surveys of appraisal quality for some of their higher-risk or large-value transactions as a channel to help in discovering valuation concerns."
In addition to conforming our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we can develop an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Graham Appraisal, we are experienced in all types of appraisal reviews, review practices and the responsibilities of review appraisers.
Graham Appraisal realizes what the most frequent deficiencies are, particularly in our housing market, as well as what amounts to a quality appraisal. We're also amply skilled to realize that our competitors in our market are capable of doing good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on Graham Appraisal to fairly examine appraisal reports done by others. And those others may be examining our work, too!
In short, at Graham Appraisal, you can have confidence in our honest judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact Graham Appraisal for more information about our qualifications, expertise and service offerings.