Qualified Appraisal Reviews with Property Valuation Group

As said in an announcement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation plans," and that appraisers doing reviews have to "have the proficiency and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." At Property Valuation Group, we provide appraisal review services that are unbiased, qualified, professional and in line with the Federal Reserve's rules.

Appraisal reviews "ought to decide whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the procedures by which the collateral valuation is collected ensures independence and quality," according to the Federal Reserve. They "should also indicate whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the capacity of the appraisal assignment." Last, The Federal Reserve states that "some institutions reinforce regular reviews with post-funding assessments of appraisal quality for any of their higher-liability or large-value dealings as a control to assist in uncovering valuation concerns."

In addition to tailoring our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we will develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Property Valuation Group, we're trained in every form of appraisal review, review process and the responsibilities of review appraisers.