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.

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.