|
Competent Appraisal Reviews with Graydon Property Services, LLC.According to an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that it's the prudent for appraisers preparing reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Graydon Property Services, LLC. provides appraisal review services that are independent, efficient, professional and in accordance with the Federal Reserve's rules.The purpose of appraisal reviews are to pursue: whether the original appraisal or evaluation is fitting for the transaction, the risk inherit in the transaction, and whether the procedures by which the collateral valuation is accomplished ensures independence and quality. They must also signify whether the appraisal or evaluation report is in line with the letter of engagement, which gives an account of the range of the appraisal assignment. The Federal Reserve also goes on to say that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".
In addition to coordinating our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we will produce 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 Graydon Property Services, LLC., we are skilled in every form of appraisal review, review practice and the obligations of review appraisers.
For professional, impartial, ethical appraisal review services and truthful judgments, you can rely on Graydon Property Services, LLC.. Contact us for more information about our qualifications, expertise and services offered. |
|||||||||
Graydon Property Services, LLC. understands what the most common reporting defects are, particularly in our housing market. We also understand what makes a quality appraisal.
In the same regard, we're adequately experienced to admit that the competitors in our market are capable of quality work.
The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on Graydon Property Services, LLC. to objectively study appraisal reports carried out by others. And those others could be studying our work, too!