Experienced Appraisal Reviews with James Earp Appraisal Service
As said in a statement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation plans," and that appraisers fulfilling reviews must "have the proficiency and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." At James Earp Appraisal Service, we provide appraisal review services that are objective, expert, professional and square with the Federal Reserve's regulations.
If you're in the need of a real estate appraisal review or have questions about an appraisal, call us today.
Appraisal reviews "must conclude whether the appraisal or evaluation is well-suited for the transaction, the liability of the transaction, and whether the manners by which the collateral valuation is accomplished ensures independence and quality," the Federal Reserve says. They "should also signify whether the appraisal or evaluation report is consistent with the letter of engagement, which sets forth the scope of the appraisal assignment." Last, The Federal Reserve states that "some institutions supplement routine reviews with post-funding surveys of appraisal quality for a number of their higher-liability or higher-value transactions as a way to assist in discovering valuation dilemmas."
In addition to coordinating our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we will 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. Here at James Earp Appraisal Service, we are skilled in all forms of appraisal reviews, review practices and the responsibilities of review appraisers.
We realize what the greatest defects are, specifically in our home market. We also understand what makes a quality appraisal. In this regard, we are professional enough to realize that our competitors in our market are capable of a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on James Earp Appraisal Service to justly look over appraisal reports done by others. And those others might be reviewing our work, too!
At James Earp Appraisal Service, you can have confidence in our independent judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact James Earp Appraisal Service regarding our qualifications, expertise and services offered.