Quality Appraisal Reviews with Edwards Valuation Services, LLC

As said in a statement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers completing reviews are obligated to "have the knowledge and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are impartial, qualified, professional and in line with the Federal Reserve's rules, look no further than Edwards Valuation Services, LLC.

Appraisal reviews "ought to conclude whether the appraisal or evaluation is applicable for the transaction, the liability of the transaction, and whether the actions by which the collateral valuation is obtained guarantees independence and quality," the Federal Reserve says. They "must also show whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the outlook of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions add periodic reviews with post-funding surveys of appraisal quality for a number of their higher-risk or greater-value transactions as a method to assist in uncovering valuation dilemmas."

In addition to adjusting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we can 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 Edwards Valuation Services, LLC, we're experienced in every kind of appraisal review, review procedure and the responsibilities of review appraisers.