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Harman Appraisal Group, LLC / OR & WA Appraisal ReviewsAs stated in an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers undertaking reviews must "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Harman Appraisal Group, LLC / OR & WA provides appraisal review services that are impartial, efficient, professional and in line with the Federal Reserve's regulations.The purpose of appraisal reviews are to determine: whether the original appraisal or evaluation is appropriate for the transaction, the exposure inherit in the transaction, and whether the method by which the real estate valuation is attained ensures independence and quality. The review must also indicate whether the appraisal or evaluation report is compatible with the engagement letter, which gives an account of the depth of the appraisal assignment. The Federal Reserve notes 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 tailoring our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we'll 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 Harman Appraisal Group, LLC / OR & WA, we are qualified in all types of appraisal reviews, review practices and the responsibilities of review appraisers.
For professional, fair, ethical appraisal review services and neutral judgments, you can depend on Harman Appraisal Group, LLC / OR & WA. Contact us for more information regarding our qualifications, expertise and services offered. |
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Harman Appraisal Group, LLC / OR & WA realizes what the most prevalent reporting imperfections are, especially in our housing market. We also know what amounts to a quality appraisal.
In this regard, we're professional enough to acknowledge that our competition in our market are able to do a fine job.
The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on Harman Appraisal Group, LLC / OR & WA to lawfully valuate appraisal reports completed by others. And those others might be studying our work, too!