Evaluation and Review Associates, Inc.

Capabilities

Evaluation And Review Associates, Inc. is a full-service real estate appraisal and financial institution consulting firm specializing in the valuation of Maryland, Washington D.C., and Northern Virginia real estate. We take pride in our appraisal, analysis, and consulting services and their delivery in a timely manner.

Evaluation And Review Associates, Inc. has assembled an experienced group of real estate appraisers, former bank officers and accountants who maintain Certified General Real Estate Appraiser licenses in Maryland, Washington, D.C., Virginia, Delaware, and Pennsylvania. One of our Principals is a designated MAI (Member of the Appraisal Institute), and one is a Certified Public Accountant. Both are former Loan Review Officers for National Banks.

Our Company has two unique advantages over other consulting firms in the area. First, our staff's commercial bank lending experience, appraisal review and compliance training gives us unique insight into critical banking issues that traditional appraisal firms do not possess; Second, our concentration in appraisal review and asset quality services provides us a unique knowledge of what the finest appraisal work-product should embody - and we are able to reproduce this quality in our evaluations and analyses.

Community banks frequently need to supplement the permanent staff needed to evaluate and review all of the real estate securing their loans - bank regulatory agencies consider a competent appraisal and comprehensive appraisal review to be a critical component of the credit file for any real estate secured loan.

Due to our numerous contracts in the banking industry, we are able to match the most competent officers for new lending positions our client banks are trying to fill.

COMPLETE APPRAISAL SERVICES

Our professional staff of appraisers and analysts are proficient in the analysis and evaluation of a variety of real estate valuation problems and property types. We have provided appraisals and evaluations of most all types of income-producing, investor and residential real estate. Under the provisions of FIRREA and the Departure Provision of USPAP, we can provide Limited and Summary Appraisals of a property that satisfies or exceeds most bank's periodic property value update requirements at a much lower cost than a new, Complete Appraisal.

Specialties have been developed in the appraisal of industrial properties, shopping centers, office buildings, industrial properties, self-storage facilities, and churches. The firm's state-of-the-art capabilities are accomplished through diligent market study on a Regional basis. This includes surveys of investor criteria for special property types, compilation of economic and demographic indices, and utilization of the most current software programs for analyses, such as the ARGUS financial forecasting software.

These programs are specifically applied and/or complimented with customized analytical programs developed by our staff. We have developed a state-of-the-art in-house database that contains the most recent consummated vacant land and improved sales in the Region. This sales data is complimented by our in-house lease database and access to COMPS, Co-Star, MRIS and Marshall Valuation Services.

Extensive experience and unique specialties have been combined in providing appraisal and consulting services on a variety of property types including:

Single Family Dwellings
Industrial Properties
Retail Properties
Hotel & Motel Facilities
Shopping Centers
Apartments
Churches
Office Buildings Day Care Centers
Residential Subdivisions
Mixed Use Facilities
Self-Storage Facilities

Evaluation And Review Associates, Inc. has provided real estate services for a wide variety of purposes including:

Financing
Estate
Condemnation
Market Feasibility
Economic Feasibility
Business Evaluation Insurance Replacement Costs
Highest and Best Use Analysis

APPRAISAL REVIEW SERVICES

Our review services are specifically directed toward analyzing appraisals for the appropriateness of the valuation methods and techniques employed and for the adequacy and relevance of gathered data. Our review format comments on the sufficiency of the appraiser's identification and description of the property; it also rates the appraisal's compliance with USPAP Standards, compliance with FIRREA and compliance with the client bank's internal appraisal policy. If requested, we will provide the findings of an independent inspection of the property.

The review report we provide outlines recommendations for the original appraiser's clarifications, amplifications and/or corrections. We conclude with a summary of the report's reliability along with our own conclusion of value (if indicated).

CONSULTING SERVICES

Evaluation And Review Associates, Inc. provides consulting services to financial institutions including Loan Review, Asset Quality Review, Due Diligence for Mergers and Acquisitions, and Staff Placement and Support. We have assisted several area Commercial Banks with the creation of In-house Loan Policy and Procedure Manuals and Appraisal Review/Compliance Workshops. Through our on-line access to land records, we can
target specific real estate owners for new loan marketing efforts or provide pre-underwriting data for real estate secured loans.

Our Professional Staff Placements in the areas of lending and credit analysis have assisted many area banks looking to enhance their calling and credit capabilities. The company and its individual associates have provided services to a wide variety of clients, including:

National and State Banks
Savings Banks
Private Corporations
Investment Firms
Attorneys
Insurance Companies Accountants
Federal Agencies

For More Information, or to be placed on our mailing list, Please call us at (301) 570-3394.