Appraisal Reviews with M.E. Edgy Enterprises, Inc.

As said in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation programs," and that appraisers doing reviews ought to "have the proficiency and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." At M.E. Edgy Enterprises, Inc., we provide appraisal review services that are objective, qualified, professional and in accordance with the Federal Reserve's guidelines.

According to the Federal Reserve, appraisal reviews "ought to decide whether the appraisal or evaluation is well-suited for the transaction, the risk of the transaction, and whether the manners by which the collateral valuation is accomplished ensures independence and quality." They "should also signify whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the scope of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions reinforce typical reviews with post-funding evaluations of appraisal quality for any of their high-liability or larger-value transactions as a way to assist in discovering valuation concerns."

In addition to conforming our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are usually 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 M.E. Edgy Enterprises, Inc., we're experienced in all kinds of appraisal reviews, review processes and the requirements of review appraisers.