Expert Appraisal Reviews with Gregory James Company, Inc.
As stated in an announcement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation program," and that appraisers doing reviews ought to "have the ability and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are independent, efficient, professional and square with the Federal Reserve's guidelines, look no further than Gregory James Company, Inc..
If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, contact Gregory James Company, Inc. today.
The Federal Reserve says appraisal reviews "have to figure out whether the appraisal or evaluation is pertinent for the transaction, the uncertainty of the transaction, and whether the means by which the collateral valuation is attained ensures independence and quality." They "must also show whether the appraisal or evaluation report is even with the engagement letter, which sets forth the capacity of the appraisal assignment." The Federal Reserve also says that "some institutions augment typical reviews with post-funding surveys of appraisal quality for some of their high-risk or large-value transactions as a channel to aid in revealing valuation problems."
In addition to coordinating our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we'll produce 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're trained in every type of appraisal review, review procedure and the obligations of review appraisers.
Gregory James Company, Inc. understands what represents a quality appraisal and what the most frequent weaknesses are, specifically in our real estate market. Concurrently, we are skilled enough to admit that the competition in our market are skillful in doing quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust us to objectively evaluate appraisal reports completed by others. And those others may be studying our work, too!
You can trust Gregory James Company, Inc. for our truthful judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact us for more information regarding our qualifications, expertise and services offered.
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