Experienced Appraisal Reviews by Southern Valuation Services, Inc

According to an announcement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers performing reviews ought to "have the ability and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are unbiased, efficient, professional and in accordance with the Federal Reserve's guidelines, look no further than Southern Valuation Services, Inc.

Appraisal reviews "must figure out whether the appraisal or evaluation is relevant for the transaction, the uncertainty of the transaction, and whether the procedure by which the collateral valuation is attained ensures independence and quality," the Federal Reserve says. In addition, they "must demonstrate whether the appraisal or evaluation report is compatible with the engagement letter, which gives an account of the extent of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions add periodic reviews with post-funding surveys of appraisal quality for any of their higher-risk or high-value dealings as a channel to help in uncovering valuation problems."

In addition to adjusting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we will formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Southern Valuation Services, Inc, we are experienced in every form of appraisal review, review procedure and the obligations of review appraisers.