REVARI (Real Estate Valuation and Research Inc.) Appraisal Reviews
According to an announcement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers completing reviews must "have the familiarity and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are independent, qualified, professional and in accordance with the Federal Reserve's guidelines, contact REVARI (Real Estate Valuation and Research Inc.).
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, contact us today.
Appraisal reviews "have to conclude whether the appraisal or evaluation is suitable for the transaction, the uncertainty of the transaction, and whether the practices by which the collateral valuation is attained guarantees independence and quality," the Federal Reserve says. Moreover, they "must signify whether the appraisal or evaluation report is compatible with the engagement letter, which gives an account of the range of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions supplement routine reviews with post-funding surveys of appraisal quality for some of their higher-liability or greater-value contracts as a means to help in revealing valuation dilemmas."
In addition to adjusting our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we'll formulate an appraisal review on any one 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 trained in every type of appraisal review, review process and the obligations of review appraisers.
We are aware of what constitutes a quality appraisal and what the most prevalent inadequacies are, particularly in our real estate market. At the same time, we're proficient enough to distinguish that the competitors in our market are capable of doing quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on REVARI (Real Estate Valuation and Research Inc.) to justly valuate appraisal reports completed by others. And those others could be evaluating our work, too!
You can count on REVARI (Real Estate Valuation and Research Inc.) for our truthful judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact REVARI (Real Estate Valuation and Research Inc.) for more information regarding our qualifications, expertise and service offerings.