Appraisal Reviews by Abney 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 ought to "have the proficiency and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." At Abney Valuation Group, we provide appraisal review services that are unbiased, expert, professional and square with the Federal Reserve's guidelines.

The Federal Reserve says appraisal reviews "ought to verify whether the appraisal or evaluation is relevant for the transaction, the danger of the transaction, and whether the method by which the collateral valuation is accomplished guarantees independence and quality." They "should also indicate whether the appraisal or evaluation report is compatible with the letter of engagement, which sets forth the capacity of the appraisal assignment." The Federal Reserve also states that "some banks augment periodic reviews with post-funding assessments of appraisal quality for a number of their higher-risk or large-value affairs as a method to aid in discovering valuation dilemmas."

In addition to adapting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we will produce an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Abney Valuation Group, we are qualified in all kinds of appraisal reviews, review procedures and the obligations of review appraisers.