Appraisal Reviews by James Earp Appraisal Service

According to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers doing reviews are obligated to "have the proficiency and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are unbiased, qualified, professional and compliant with the Federal Reserve's regulations, just contact James Earp Appraisal Service.

If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, call James Earp Appraisal Service today.

According to the Federal Reserve, appraisal reviews "have to decide whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the process by which the collateral valuation is obtained guarantees independence and quality." Moreover, they "must signify whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the capacity of the appraisal assignment." Lastly, the Federal Reserve says that "some banks supplement regular reviews with post-funding surveys of appraisal quality for a number of their higher-risk or greater-value affairs as a channel to aid in exposing valuation issues."

In addition to coordinating our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we will prepare 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 James Earp Appraisal Service, we are trained in all forms of appraisal reviews, review processes and the requirements of review appraisers.

James Earp Appraisal Service understands what constitutes a quality appraisal and what the most prevalent inadequacies are, particularly in our real estate market. The professionals at James Earp Appraisal Service are also experienced enough to respect that the competition in our market are capable of doing good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on us to objectively assess appraisal reports performed by others. And those others might be reviewing our work, too!

In short, here at James Earp Appraisal Service, you can have confidence in our truthful judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us for more information about our qualifications, expertise and service offerings.