Quality Appraisal Reviews with Garvin 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 program," and that appraisers fulfilling reviews must "have the familiarity and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." At Garvin Appraisals, LLC, we provide appraisal review services that are impartial, expert, professional and square with the Federal Reserve's regulations.

As stated by the Federal Reserve, appraisal reviews "must find out whether the appraisal or evaluation is well-suited for the transaction, the risk of the transaction, and whether the means by which the collateral valuation is accomplished guarantees independence and quality." They "must also signify whether the appraisal or evaluation report matches the letter of engagement, which sets forth the range of the appraisal assignment." The Federal Reserve also states that "some banks add periodic reviews with post-funding evaluations of appraisal quality for a few of their high-risk or high-value dealings as a channel to assist in revealing valuation concerns."

In addition to adapting our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we can 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 Garvin Appraisals, LLC, we're experienced in all forms of appraisal reviews, review processes and the obligations of review appraisers.