Expert Appraisal Reviews by Gregory James Company, Inc.
As stated in an announcement by the Federal Reserve, "financial institutions are required to have an effective, impartial real estate appraisal and evaluation program," and that appraisers completing reviews are obligated to "have the proficiency and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." At Gregory James Company, Inc., we provide appraisal review services that are independent, qualified, professional and compliant with the Federal Reserve's regulations.
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact Gregory James Company, Inc. today.
Appraisal reviews "have to determine whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the method by which the collateral valuation is collected ensures independence and quality," as stated by the Federal Reserve. Moreover, they "must demonstrate whether the appraisal or evaluation report is even with the engagement letter, which sets forth the range of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions augment typical reviews with post-funding assessments of appraisal quality for a few of their high-liability or large-value transactions as a channel to help in exposing valuation dilemmas."
In addition to conforming our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we'll develop 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 are experienced in every type of appraisal review, review process and the responsibilities of review appraisers.
We realize what the greatest deficiencies are, specifically in our real estate market. We also understand what amounts to a quality appraisal. The professionals at Gregory James Company, Inc. are also trained enough to know that the competition in our market are capable of doing a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust Gregory James Company, Inc. to ethically review appraisal reports completed by others. And those others may be reviewing our work, too!
You can count on Gregory James Company, Inc. for our independent judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us regarding our qualifications, expertise and services offered.
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