Qualified Appraisal Reviews with Gregory James Company, Inc.
According to a statement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation plan," and that appraisers completing reviews ought to "have the proficiency and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are impartial, qualified, professional and in line with the Federal Reserve's rules, just contact 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.
According to the Federal Reserve, appraisal reviews "must conclude whether the appraisal or evaluation is fitting for the transaction, the uncertainty of the transaction, and whether the manner by which the collateral valuation is accomplished guarantees independence and quality." They "should also denote whether the appraisal or evaluation report is consistent with the letter of engagement, which sets forth the scope of the appraisal assignment." The Federal Reserve also notes that "some financial institutions supplement routine reviews with post-funding surveys of appraisal quality for a number of their high-liability or greater-value contracts as a way to aid in revealing valuation problems."
In addition to adapting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we will formulate an appraisal review on any one 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 process and the obligations of review appraisers.
We're aware of what the most common defects are, specifically in our housing market. We also know what makes a quality appraisal. We're also experienced enough to identify that our competition in our market are skillful in doing good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust us to justly review appraisal reports completed by others. And those others could be reviewing our work, too!
In short, at Gregory James Company, Inc., you can trust our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact Gregory James Company, Inc. for more information regarding our qualifications, expertise and service offerings.
Questions or Comments?
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