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Appraisal Reviews with A. Marvin Appraisals, LLCAs stated in an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers performing reviews have to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." A. Marvin Appraisals, LLC provides appraisal review services that are impartial, qualified, professional and square with the Federal Reserve's regulations.The purpose of appraisal reviews are to ascertain: whether the original appraisal or evaluation is fitting for the transaction, the liability inherit in the transaction, and whether the means by which the collateral valuation is obtained guarantees independence and quality. The review should also show whether the appraisal or evaluation report is consistent with the engagement letter, which describes the scope of the appraisal assignment. The Fed also 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".
In addition to coordinating our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we can develop 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 A. Marvin Appraisals, LLC, we are trained in all kinds of appraisal reviews, review processes and the requirements of review appraisers.
You can count on A. Marvin Appraisals, LLC for our truthful judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact A. Marvin Appraisals, LLC for more information regarding our qualifications, expertise and service offerings. |
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We're aware of what the most likely report weaknesses are, especially in our real estate market, as well as what constitutes a quality appraisal.
We're also sufficiently skilled to distinguish that our competition in our market are qualified to do good work.
The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust us to fairly evaluate appraisal reports carried out by others. And those others may be reviewing our work, too!