Expert Appraisal Reviews by Abra, Inc.
As said in an announcement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation programs," and that appraisers fulfilling reviews ought to "have the familiarity and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Here at Abra, Inc., we provide appraisal review services that are impartial, qualified, professional and in line with the Federal Reserve's rules.
If you need a real estate appraisal review or have questions regarding an appraisal, call us today.
According to the Federal Reserve, appraisal reviews "have to find out whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the manners by which the collateral valuation is attained guarantees independence and quality." They "must also show whether the appraisal or evaluation report is consistent with the engagement letter, which gives an account of the extent of the appraisal assignment." Last, The Federal Reserve states that "some institutions supplement regular reviews with post-funding surveys of appraisal quality for a number of their higher-risk or large-value contracts as a means to aid in identifying valuation issues."
In addition to adjusting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we'll 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. Here at Abra, Inc., we are skilled in all forms of appraisal reviews, review practices and the responsibilities of review appraisers.
Abra, Inc. understands what the most prevalent defects are, especially in our housing market, as well as what amounts to a quality appraisal. At the same time, we're amply trained to respect that the competition in our market are able to do quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on Abra, Inc. to objectively study appraisal reports executed by others. And those others may be reviewing our work, too!
You can count on Abra, Inc. for our neutral judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact Abra, Inc. for more information about our qualifications, expertise and service offerings.