For appraisal review services in San Bernardino, contact Abandy & Associates Appraisal Services

Getting a second opinion on an appraisal

According to an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that it's the expectation of appraisers doing reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." At Abandy & Associates Appraisal Services, we provide appraisal review services that are objective, efficient, professional and square with the Federal Reserve's regulations.

A review appraisal has to find out: whether the original appraisal or evaluation is pertinent for the transaction, the liability inherit in the transaction, and whether the process by which the collateral valuation is acquired guarantees independence and quality. In addition, they must demonstrate whether the appraisal or evaluation report is in line with the engagement letter, which describes the extent of the appraisal assignment. The Fed states that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".


	If you need a real estate appraisal review or have questions in reference to an appraisal, contact us today.

In addition to coordinating our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we can prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Abandy & Associates Appraisal Services, we are experienced in all forms of appraisal reviews, review processes and the obligations of review appraisers.

For appraisal review services in San Bernardino, contact Abandy & Associates Appraisal Services We realize what the most common report weaknesses are, particularly in our real estate market, as well as what amounts to a quality appraisal. We're also trained enough to distinguish that our competitors in our market are qualified to do good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust Abandy & Associates Appraisal Services to fairly examine appraisal reports executed by others. And those others may be examining our work, too!

For professional, impartial, ethical appraisal review services and independent judgments, you can depend on Abandy & Associates Appraisal Services. Contact us for more information regarding our qualifications, expertise and service offerings.