Appraisal Reviews with James Earp Appraisal Service

As stated in an announcement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation procedures," and that appraisers performing reviews have to "have the familiarity and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are unbiased, qualified, professional and square with the Federal Reserve's regulations, just contact James Earp Appraisal Service.

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

As stated by the Federal Reserve, appraisal reviews "must figure out whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the method by which the collateral valuation is obtained ensures independence and quality." They "must also show whether the appraisal or evaluation report is consistent with the engagement letter, which gives an account of the extent of the appraisal assignment." Lastly, the Federal Reserve notes that "some banks supplement regular reviews with post-funding evaluations of appraisal quality for a few of their higher-liability or high-value dealings as a control to assist in addressing valuation dilemmas."

In addition to adjusting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we can develop 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're experienced in every type of appraisal review, review practice and the requirements of review appraisers.

We are aware of what represents a quality appraisal and what the biggest inadequacies are, specifically in our home market. We're also amply skilled to distinguish that our competitors in our market are capable of quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust James Earp Appraisal Service to lawfully examine appraisal reports carried out by others. And those others could be studying our work, too!

In short, at James Earp Appraisal Service, you can have confidence in our independent judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact James Earp Appraisal Service for more information about our qualifications, expertise and services offered.