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Quality Appraisal Reviews by JTLH Real Estate Consultants, Inc.As said in an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that it's the expectation of appraisers doing reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Here at JTLH Real Estate Consultants, Inc., we provide appraisal review services that are objective, expert, professional and in line with the Federal Reserve's regulations.A review appraisal should determine: whether the original appraisal or evaluation is suitable for the transaction, the liability inherit in the transaction, and whether the practices by which the collateral valuation is acquired ensures independence and quality. The review must also denote whether the appraisal or evaluation report is compatible with the letter of engagement, which describes the range of the appraisal assignment. Lastly, the Federal Reserve also notes that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".
In addition to coordinating our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we can produce 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 JTLH Real Estate Consultants, Inc., we are trained in every form of appraisal review, review process and the requirements of review appraisers.
For professional, fair, ethical appraisal review services and honest judgments, you can depend on JTLH Real Estate Consultants, Inc.. Contact JTLH Real Estate Consultants, Inc. for more information about our qualifications, expertise and service offerings. |
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JTLH Real Estate Consultants, Inc. understands what the most frequent reporting deficiencies are, especially in our real estate market. We also understand what amounts to a quality appraisal.
The professionals at JTLH Real Estate Consultants, Inc. are also adequately experienced to admit that our competitors in our market are qualified to do a great job.
The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust JTLH Real Estate Consultants, Inc. to fairly assess appraisal reports executed by others. And those others might be evaluating our work, too!