Experienced Appraisal Reviews by James Earp Appraisal Service
As said in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation program," and that appraisers performing reviews ought to "have the ability and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." James Earp Appraisal Service provides appraisal review services that are objective, qualified, professional and in accordance with the Federal Reserve's regulations.
If you need a real estate appraisal review or have questions regarding an appraisal, contact us today.
Appraisal reviews "should figure out whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the means by which the collateral valuation is acquired guarantees independence and quality," according to the Federal Reserve. In addition, they "should denote whether the appraisal or evaluation report is compatible with the letter of engagement, which gives an account of the outlook of the appraisal assignment." Lastly, the Federal Reserve states that "some banks add periodic reviews with post-funding surveys of appraisal quality for a number of their higher-liability or greater-value dealings as a means to help in discovering 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 largely used for review services, and we will prepare 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're experienced in all types of appraisal reviews, review processes and the obligations of review appraisers.
We realize what the most frequent imperfections are, especially in our housing market. We also know what amounts to a quality appraisal. In this regard, the professionals at James Earp Appraisal Service are sufficiently experienced to realize that the competitors in our market are skillful in doing a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust us to lawfully study appraisal reports carried out by others. And those others may be examining our work, too!
In short, at James Earp Appraisal Service, you can be sure of our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact James Earp Appraisal Service for more information about our qualifications, expertise and service offerings.