Quality Appraisal Reviews with GHR and Associates LLC

Appraisal reviews for Government-Sponsored Enterprises (GSEs) like Fannie Mae and Freddie Mac, and lenders play a crucial role in ensuring the accuracy and reliability of property valuations. They help identify potential issues in appraisal reports, like inadequate analysis, lack of support, or misinterpretations, which can affect loan decisions and investor risk. 

Appraisal reviews "ought to verify whether the appraisal or evaluation is suitable for the transaction, the danger of the transaction, and whether the manner by which the collateral valuation is attained ensures independence and quality," the Federal Reserve says. They "should also denote whether the appraisal or evaluation report is even with the engagement letter, which gives an account of the scope of the appraisal assignment." The Federal Reserve also states that "some institutions supplement periodic reviews with post-funding evaluations of appraisal quality for any of their high-liability or high-value transactions as a way to aid in exposing valuation problems."

In addition to tailoring our work to the regulations 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 of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at GHR and Associates LLC, we are qualified in every kind of appraisal review, review practice and the responsibilities of review appraisers. In addition, we work with Clients who have proprietary or custom review forms.