Qualified Appraisal Reviews by Gregory James Company, Inc.
As said in an announcement by the Federal Reserve, "financial institutions are required to have an effective, objective real estate appraisal and evaluation program," and that appraisers performing reviews ought to "have the proficiency and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are unbiased, expert, professional and in line with the Federal Reserve's guidelines, just contact Gregory James Company, Inc..
If you need a real estate appraisal review or have questions about an appraisal, contact Gregory James Company, Inc. today.
As stated by the Federal Reserve, appraisal reviews "have to decide whether the appraisal or evaluation is suitable for the transaction, the liability of the transaction, and whether the manner by which the collateral valuation is acquired ensures independence and quality." They "should also denote 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 supplement regular reviews with post-funding surveys of appraisal quality for some of their high-liability or larger-value affairs as a channel to assist in discovering valuation complications."
In addition to conforming our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are mostly 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 all kinds of appraisal reviews, review processes and the responsibilities of review appraisers.
We understand what the greatest inadequacies are, particularly in our home market. We also understand what represents a quality appraisal. We're also adequately experienced to admit that our competitors 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 trust Gregory James Company, Inc. to objectively examine appraisal reports completed by others. And those others may be evaluating our work, too!
You can trust Gregory James Company, Inc. for our neutral judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and services offered.
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