Appraisal Reviews by James Earp Appraisal Service

According to a statement by the Federal Reserve, "financial institutions are required to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers performing reviews must "have the ability and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." At James Earp Appraisal Service, we provide appraisal review services that are unbiased, expert, professional and in accordance with the Federal Reserve's guidelines.

If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, contact us today.

Appraisal reviews "have to verify whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the methods by which the collateral valuation is acquired ensures independence and quality," as stated by the Federal Reserve. They "should also show whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the range of the appraisal assignment." Last, The Federal Reserve states that "some banks reinforce routine reviews with post-funding surveys of appraisal quality for some of their high-liability or greater-value contracts as a channel to assist in identifying valuation disputes."

In addition to coordinating our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we will formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At James Earp Appraisal Service, we're skilled in all kinds of appraisal reviews, review procedures and the responsibilities of review appraisers.

James Earp Appraisal Service knows what the biggest defects are, especially in our home market. We also know what constitutes a quality appraisal. The professionals at James Earp Appraisal Service are also sufficiently trained to know that our competition in our market are capable of doing good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on us to justly examine appraisal reports performed by others. And those others could be studying our work, too!

Here at James Earp Appraisal Service, you can have confidence in our truthful judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and services offered.