Appraisal Reviews by Gregory James Company, Inc.
According to a statement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation procedures," and that appraisers doing reviews have to "have the familiarity and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." Gregory James Company, Inc. provides appraisal review services that are unbiased, efficient, professional and square with the Federal Reserve's guidelines.
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, call Gregory James Company, Inc. today.
Appraisal reviews "must find out whether the appraisal or evaluation is relevant for the transaction, the danger of the transaction, and whether the means by which the collateral valuation is collected ensures independence and quality," according to the Federal Reserve. Moreover, they "must demonstrate whether the appraisal or evaluation report is even with the engagement letter, which sets forth the extent of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions augment routine reviews with post-funding assessments of appraisal quality for a number of their higher-risk or greater-value dealings as a control to aid in exposing valuation dilemmas."
In addition to tailoring our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we can produce 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 are qualified in every form of appraisal review, review process and the requirements of review appraisers.
We know what the greatest inadequacies are, specifically in our housing market, as well as what makes a quality appraisal. At the same time, we are proficient enough to recognize that the competition in our market are qualified to do quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on Gregory James Company, Inc. to justly look over appraisal reports completed by others. And those others could be reviewing our work, too!
You can rely on Gregory James Company, Inc. for our honest judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact Gregory James Company, Inc. regarding our qualifications, expertise and services offered.
Questions or Comments?
Please drop us a note with a question or comment. We will respond promptly, If you do so we will answer the question to the best of our ability. If we do not know the answer, we will point you in the right direction. We will promise you we will not email you death with advertising or any other types of emails except for a few holiday emails we send each year