Experienced Appraisal Reviews by Gregory James Company, Inc.
According to a statement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers fulfilling reviews must "have the proficiency and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are unbiased, qualified, professional and in accordance with the Federal Reserve's rules, just contact Gregory James Company, Inc..
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, contact us today.
Appraisal reviews "must verify whether the appraisal or evaluation is fitting for the transaction, the risk of the transaction, and whether the manner by which the collateral valuation is collected ensures independence and quality," according to the Federal Reserve. They "should also announce whether the appraisal or evaluation report is true to the engagement letter, which describes the capacity of the appraisal assignment." The Federal Reserve also says that "some banks reinforce periodic reviews with post-funding surveys of appraisal quality for any of their high-risk or greater-value contracts as a channel to aid in exposing valuation dilemmas."
In addition to tailoring our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we can 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 Gregory James Company, Inc., we're skilled in every kind of appraisal review, review procedure and the responsibilities of review appraisers.
Gregory James Company, Inc. knows what the greatest imperfections are, particularly in our real estate market, as well as what makes a quality appraisal. In the same regard, we are adequately skilled to distinguish that the competition in our market are qualified to do good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust us to fairly assess 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 be sure of our independent judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact us to learn more about our qualifications, expertise and services offered.
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