Appraisal Reviews with Marden L.L.C. Appraisals

As stated in an announcement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation plans," and that appraisers doing reviews ought to "have the familiarity and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Marden L.L.C. Appraisals provides appraisal review services that are independent, efficient, professional and compliant with the Federal Reserve's rules.

Appraisal reviews "should determine whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the procedures by which the collateral valuation is attained guarantees independence and quality," the Federal Reserve says. In addition, they "should announce whether the appraisal or evaluation report is compatible with the letter of engagement, which describes the range of the appraisal assignment." Last, The Federal Reserve says that "some institutions reinforce routine reviews with post-funding assessments of appraisal quality for some of their high-risk or high-value contracts as a way to help in discovering valuation concerns."

In addition to conforming our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we will produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Marden L.L.C. Appraisals, we're experienced in all types of appraisal reviews, review processes and the responsibilities of review appraisers.