Experienced Appraisal Reviews with REVARI (Real Estate Valuation and Research Inc.)
As stated in an announcement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers fulfilling reviews must "have the proficiency and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." REVARI (Real Estate Valuation and Research Inc.) provides appraisal review services that are objective, efficient, professional and compliant with the Federal Reserve's regulations.
If you have questions regarding an appraisal, or if you need a real estate appraisal review, contact REVARI (Real Estate Valuation and Research Inc.) today.
Appraisal reviews "have to figure out whether the appraisal or evaluation is relevant for the transaction, the uncertainty of the transaction, and whether the manners by which the collateral valuation is accomplished ensures independence and quality," as stated by the Federal Reserve. They "should also denote whether the appraisal or evaluation report is compatible with the letter of engagement, which sets forth the extent of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions supplement regular reviews with post-funding evaluations of appraisal quality for some of their higher-liability or larger-value contracts as a method to help in uncovering valuation issues."
In addition to adjusting our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we will prepare an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at REVARI (Real Estate Valuation and Research Inc.), we are experienced in every form of appraisal review, review practice and the responsibilities of review appraisers.
We're aware of what amounts to a quality appraisal and what the greatest weaknesses are, specifically in our real estate market. The professionals at REVARI (Real Estate Valuation and Research Inc.) are also experienced enough to distinguish that our competition in our market are qualified to do good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust us to justly evaluate appraisal reports done by others. And those others might be reviewing our work, too!
In short, when you choose REVARI (Real Estate Valuation and Research Inc.), you can be sure of our honest judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and services offered.