Expert Appraisal Reviews with Property Valuation GroupAs 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. ![]() If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, contact us today. 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. Property Valuation Group is aware of what represents a quality appraisal and what the greatest inadequacies are, specifically in our home market. We're also skilled enough to recognize that our competitors in our market are skillful in doing a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on us to justly valuate appraisal reports performed by others. And those others could be examining our work, too! Here at Property Valuation Group, you can count on our neutral judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact Property Valuation Group for more information about our qualifications, expertise and service offerings. |