Experienced Appraisal Reviews by Edelen Appraisals, LLC

As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation plan," and that appraisers fulfilling reviews are obligated to "have the knowledge and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are objective, qualified, professional and in line with the Federal Reserve's guidelines, look no further than Edelen Appraisals, LLC.

Appraisal reviews "have to conclude whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the practices by which the collateral valuation is acquired guarantees independence and quality," the Federal Reserve says. Moreover, they "should signify whether the appraisal or evaluation report is even with the engagement letter, which gives an account of the capacity of the appraisal assignment." The Federal Reserve also notes that "some banks reinforce typical reviews with post-funding assessments of appraisal quality for any of their high-risk or high-value transactions as a channel to assist in identifying valuation dilemmas."

In addition to adapting 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 formulate 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 Edelen Appraisals, LLC, we are experienced in all kinds of appraisal reviews, review procedures and the obligations of review appraisers.