Expert Appraisal Reviews by Gregory James Company, Inc.
As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers fulfilling reviews have to "have the proficiency and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." Gregory James Company, Inc. provides appraisal review services that are unbiased, efficient, professional and in accordance with the Federal Reserve's regulations.
If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, call Gregory James Company, Inc. today.
As stated by the Federal Reserve, appraisal reviews "must figure out whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the processes by which the collateral valuation is acquired ensures independence and quality." They "should also signify whether the appraisal or evaluation report matches the engagement letter, which gives an account of the outlook of the appraisal assignment." Last, The Federal Reserve states that "some financial institutions add periodic reviews with post-funding surveys of appraisal quality for some of their higher-risk or high-value dealings as a method to aid in exposing valuation complications."
In addition to coordinating our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we will 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 trained in every form of appraisal review, review process and the obligations of review appraisers.
We realize what amounts to a quality appraisal and what the most prevalent weaknesses are, specifically in our real estate market. We're also amply skilled to acknowledge that the competition in our market are qualified to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on us to objectively review appraisal reports performed by others. And those others might be evaluating our work, too!
For professional, impartial, ethical appraisal review services and honest judgments, you can rely on Gregory James Company, Inc.. Contact Gregory James Company, Inc. regarding our qualifications, expertise and services offered.
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