Quality Appraisal Reviews with Gregory James Company, Inc.

According to a statement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers fulfilling reviews are obligated to "have the ability and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." At Gregory James Company, Inc., we provide appraisal review services that are unbiased, efficient, professional and in accordance 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.

As stated by the Federal Reserve, appraisal reviews "have to find out whether the appraisal or evaluation is pertinent for the transaction, the liability of the transaction, and whether the means by which the collateral valuation is attained guarantees independence and quality." In addition, they "must signify whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the extent of the appraisal assignment." The Federal Reserve also says that "some institutions augment typical reviews with post-funding surveys of appraisal quality for any of their higher-liability or greater-value dealings as a way to aid in exposing valuation issues."

In addition to conforming 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'll 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 are qualified in every kind of appraisal review, review process and the responsibilities of review appraisers.

Gregory James Company, Inc. understands what the most prevalent deficiencies are, especially in our home market. We also know what constitutes a quality appraisal. In this regard, we are experienced enough to respect that the competitors in our market are able to do a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust us to ethically examine appraisal reports done by others. And those others may be evaluating our work, too!

At Gregory James Company, Inc., you can trust our neutral judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact us to learn more about our qualifications, expertise and service offerings.

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