Expert Appraisal Reviews by Gregory James Company, Inc.
According to a statement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation program," and that appraisers completing reviews are obligated to "have the familiarity and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Gregory James Company, Inc. provides appraisal review services that are independent, efficient, professional and square with the Federal Reserve's guidelines.
If you need a real estate appraisal review or have questions about an appraisal, call Gregory James Company, Inc. today.
According to the Federal Reserve, appraisal reviews "must conclude whether the appraisal or evaluation is suitable for the transaction, the danger of the transaction, and whether the practices by which the collateral valuation is obtained ensures independence and quality." Moreover, they "must demonstrate whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the scope of the appraisal assignment." The Federal Reserve also says that "some banks add typical reviews with post-funding assessments of appraisal quality for a number of their higher-liability or larger-value dealings as a method to help in uncovering valuation issues."
In addition to adapting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we'll prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Gregory James Company, Inc., we are qualified in all forms of appraisal reviews, review practices and the responsibilities of review appraisers.
Gregory James Company, Inc. knows what the greatest inadequacies are, particularly in our housing market, as well as what makes a quality appraisal. The professionals at Gregory James Company, Inc. are also trained enough to realize that our competition in our market are able to do a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust Gregory James Company, Inc. to fairly evaluate appraisal reports performed by others. And those others could be studying our work, too!
In short, when you choose Gregory James Company, Inc., you can trust our truthful judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact us to learn more about our qualifications, expertise and service offerings.
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