Qualified Appraisal Reviews by JGI Valuations

As said in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers doing reviews are obligated to "have the ability and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Here at JGI Valuations, we provide appraisal review services that are unbiased, qualified, professional and in line with the Federal Reserve's regulations.

If you need a real estate appraisal review or have questions about an appraisal, call us today.

As stated by the Federal Reserve, appraisal reviews "have to determine whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the manners by which the collateral valuation is attained ensures independence and quality." Moreover, they "must signify whether the appraisal or evaluation report is compatible with the letter of engagement, which describes the capacity of the appraisal assignment." The Federal Reserve also states that "some institutions reinforce routine reviews with post-funding assessments of appraisal quality for some of their higher-risk or high-value transactions as a way to help in detecting valuation concerns."

In addition to adapting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we can 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 JGI Valuations, we are experienced in every kind of appraisal review, review procedure and the requirements of review appraisers.

We are aware of what the most common deficiencies are, particularly in our home market. We also know what represents a quality appraisal. The professionals at JGI Valuations are also trained enough to identify that the competitors in our market are qualified to do a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on JGI Valuations to fairly study appraisal reports done by others. And those others could be examining our work, too!

For professional, impartial, ethical appraisal review services and honest judgments, you can rely on JGI Valuations. Contact JGI Valuations regarding our qualifications, expertise and services offered.