Expert Appraisal Reviews with REVARI (Real Estate Valuation and Research Inc.)

According to an announcement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation program," and that appraisers performing reviews ought to "have the proficiency and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." REVARI (Real Estate Valuation and Research Inc.) provides appraisal review services that are unbiased, qualified, professional and in accordance with the Federal Reserve's rules.

If you have questions about an appraisal, or if you need a real estate appraisal review, call us today.

Appraisal reviews "should decide whether the appraisal or evaluation is fitting for the transaction, the uncertainty of the transaction, and whether the procedures by which the collateral valuation is acquired guarantees independence and quality," the Federal Reserve says. Moreover, they "should indicate whether the appraisal or evaluation report is even with the letter of engagement, which sets forth the capacity of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions supplement typical reviews with post-funding surveys of appraisal quality for a number of their higher-risk or higher-value dealings as a control to assist in uncovering valuation dilemmas."

In addition to tailoring our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we will develop 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 all forms of appraisal reviews, review processes and the responsibilities of review appraisers.

We know what represents a quality appraisal and what the most frequent defects are, specifically in our home market. In this regard, we are professional enough to identify that our competition in our market are capable of good 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 ethically examine appraisal reports executed by others. And those others might be examining our work, too!

For professional, impartial, ethical appraisal review services and truthful judgments, you can rely on REVARI (Real Estate Valuation and Research Inc.). Contact REVARI (Real Estate Valuation and Research Inc.) for more information about our qualifications, expertise and service offerings.