JGI Valuations Appraisal ReviewsAccording to an announcement 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 expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." JGI Valuations provides appraisal review services that are impartial, expert, professional and in line with the Federal Reserve's regulations. 
If you have questions regarding an appraisal, or if you need a real estate appraisal review, call JGI Valuations today. As stated by the Federal Reserve, appraisal reviews "have to determine whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the practices by which the collateral valuation is attained ensures independence and quality." In addition, they "should signify whether the appraisal or evaluation report is compatible with the letter of engagement, which sets forth the extent of the appraisal assignment." The Federal Reserve also says that "some banks augment regular reviews with post-funding surveys of appraisal quality for some of their higher-risk or greater-value transactions as a means to aid in addressing valuation disputes." In addition to tailoring our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we can 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 JGI Valuations, we're trained in every form of appraisal review, review practice and the requirements of review appraisers. JGI Valuations knows what makes a quality appraisal and what the most common weaknesses are, particularly in our home market. In the same sense, we're sufficiently experienced to distinguish that the competitors in our market are skillful in doing good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on us to lawfully examine appraisal reports executed by others. And those others could be reviewing our work, too! In short, when you choose JGI Valuations, you can count on our neutral judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact JGI Valuations for more information about our qualifications, expertise and service offerings. |