Experienced Appraisal Reviews by Graham Appraisal
As stated in an announcement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation plans," and that appraisers completing reviews should "have the ability and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." Graham Appraisal provides appraisal review services that are objective, expert, professional and in line with the Federal Reserve's guidelines.
If you're in the need of a real estate appraisal review or have questions about an appraisal, contact Graham Appraisal today.
According to the Federal Reserve, appraisal reviews "ought to conclude whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the actions by which the collateral valuation is accomplished guarantees independence and quality." They "must also indicate whether the appraisal or evaluation report is compatible with the engagement letter, which sets forth the extent of the appraisal assignment." Lastly, the Federal Reserve states that "some banks supplement typical reviews with post-funding assessments of appraisal quality for a number of their higher-liability or greater-value transactions as a control to help in addressing valuation concerns."
In addition to tailoring our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we can prepare 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 Graham Appraisal, we're skilled in all kinds of appraisal reviews, review processes and the requirements of review appraisers.
We are aware of what makes a quality appraisal and what the biggest deficiencies are, particularly in our home market. The professionals at Graham Appraisal are also experienced enough to identify that our competitors in our market are qualified to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust Graham Appraisal to justly study appraisal reports executed by others. And those others might be reviewing our work, too!
Here at Graham Appraisal, you can rely on our independent judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact Graham Appraisal for more information regarding our qualifications, expertise and services offered.