Expert Appraisal Reviews with REVARI (Real Estate Valuation and Research Inc.)
As said in a statement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation programs," and that appraisers fulfilling reviews have to "have the knowledge and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." REVARI (Real Estate Valuation and Research Inc.) provides appraisal review services that are impartial, expert, professional and in line with the Federal Reserve's rules.
If you need a real estate appraisal review or have questions regarding an appraisal, call us today.
As stated by the Federal Reserve, appraisal reviews "ought to conclude whether the appraisal or evaluation is applicable for the transaction, the danger of the transaction, and whether the method by which the collateral valuation is attained guarantees independence and quality." They "must also announce whether the appraisal or evaluation report is compatible with the engagement letter, which describes the extent of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions supplement routine reviews with post-funding assessments of appraisal quality for some of their high-risk or greater-value dealings as a control to assist in discovering valuation complications."
In addition to conforming our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we can produce 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 trained in all types of appraisal reviews, review procedures and the obligations of review appraisers.
We realize what the biggest weaknesses are, specifically in our housing market, as well as what constitutes a quality appraisal. Concurrently, we are trained enough to recognize that the competitors in our market are able to do a good job. 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 study appraisal reports done by others. And those others may be studying our work, too!
In short, when you choose REVARI (Real Estate Valuation and Research Inc.), you can have confidence in our truthful judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact REVARI (Real Estate Valuation and Research Inc.) regarding our qualifications, expertise and service offerings.