REVARI (Real Estate Valuation and Research Inc.) Appraisal Reviews
As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, impartial real estate appraisal and evaluation program," and that appraisers completing reviews should "have the knowledge and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." At REVARI (Real Estate Valuation and Research Inc.), we provide appraisal review services that are impartial, efficient, professional and in accordance with the Federal Reserve's guidelines.
If you need a real estate appraisal review or have questions in reference to an appraisal, call us today.
Appraisal reviews "have to determine whether the appraisal or evaluation is fitting for the transaction, the uncertainty of the transaction, and whether the procedure by which the collateral valuation is attained guarantees independence and quality," the Federal Reserve says. They "should also demonstrate whether the appraisal or evaluation report is even with the engagement letter, which describes the range of the appraisal assignment." The Federal Reserve also says that "some financial institutions reinforce regular reviews with post-funding surveys of appraisal quality for any of their high-liability or high-value transactions as a means to assist in uncovering 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 largely used for review services, and we'll develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At REVARI (Real Estate Valuation and Research Inc.), we are skilled in all kinds of appraisal reviews, review processes and the obligations of review appraisers.
REVARI (Real Estate Valuation and Research Inc.) understands what the most frequent defects are, particularly in our housing market, as well as what makes a quality appraisal. We're also adequately experienced to acknowledge that the competitors in our market are capable of doing quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on us to objectively study appraisal reports carried out by others. And those others might be reviewing our work, too!
You can count on REVARI (Real Estate Valuation and Research Inc.) for our neutral judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact us for more information about our qualifications, expertise and service offerings.