Expert Appraisal Reviews with Property Valuation Group

As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation plans," and that appraisers performing reviews must "have the proficiency and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." Property Valuation Group provides appraisal review services that are unbiased, expert, professional and compliant with the Federal Reserve's regulations.

As stated by the Federal Reserve, appraisal reviews "ought to determine whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the practices by which the collateral valuation is accomplished ensures independence and quality." They "must also show whether the appraisal or evaluation report matches the engagement letter, which describes the scope of the appraisal assignment." Last, The Federal Reserve notes that "some institutions augment periodic reviews with post-funding evaluations of appraisal quality for a few of their high-liability or higher-value dealings as a control to assist in addressing valuation issues."

In addition to conforming our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we will formulate 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 Property Valuation Group, we are qualified in all kinds of appraisal reviews, review practices and the requirements of review appraisers.