Quality 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 plan," and that appraisers doing reviews must "have the ability and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are independent, expert, professional and in line with the Federal Reserve's regulations, look no further than Gregory James Company, Inc..
If you're in the need of a real estate appraisal review or have questions regarding an appraisal, contact Gregory James Company, Inc. today.
Appraisal reviews "must decide whether the appraisal or evaluation is applicable for the transaction, the danger of the transaction, and whether the method by which the collateral valuation is accomplished ensures independence and quality," the Federal Reserve says. They "should also denote whether the appraisal or evaluation report is true to the letter of engagement, which sets forth the range of the appraisal assignment." Last, The Federal Reserve notes that "some institutions augment typical reviews with post-funding surveys of appraisal quality for a number of their high-liability or higher-value transactions as a channel to aid in exposing valuation dilemmas."
In addition to adapting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we can develop 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 are trained in every form of appraisal review, review process and the obligations of review appraisers.
We realize what the most common inadequacies are, particularly in our housing market, as well as what makes a quality appraisal. In this regard, we're proficient enough to recognize 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 rely on Gregory James Company, Inc. to ethically study appraisal reports carried out by others. And those others could be examining our work, too!
Here at Gregory James Company, Inc., you can trust our truthful judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us for more information regarding our qualifications, expertise and services offered.
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