Appraisal Reviews with Marathon Appraisals, Inc

As said in an announcement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation plan," and that appraisers doing reviews should "have the ability and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." At Marathon Appraisals, Inc, we provide appraisal review services that are objective, efficient, professional and compliant with the Federal Reserve's guidelines.

As stated by the Federal Reserve, appraisal reviews "should verify whether the appraisal or evaluation is appropriate for the transaction, the danger of the transaction, and whether the means by which the collateral valuation is acquired ensures independence and quality." Moreover, they "must denote whether the appraisal or evaluation report is compatible with the letter of engagement, which gives an account of the extent of the appraisal assignment." The Federal Reserve also notes that "some financial institutions add periodic reviews with post-funding surveys of appraisal quality for a number of their high-liability or large-value affairs as a method to assist in revealing valuation problems."

In addition to conforming our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we will prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Marathon Appraisals, Inc, we're qualified in every type of appraisal review, review procedure and the obligations of review appraisers.