Experienced 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 plan," and that appraisers doing reviews ought to "have the ability and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are objective, efficient, professional and in line with the Federal Reserve's regulations, contact REVARI (Real Estate Valuation and Research Inc.).
If you have questions regarding an appraisal, or if you need a real estate appraisal review, call REVARI (Real Estate Valuation and Research Inc.) today.
Appraisal reviews "have to find out whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the actions by which the collateral valuation is obtained guarantees independence and quality," the Federal Reserve says. Moreover, they "must demonstrate whether the appraisal or evaluation report is true to the engagement letter, which sets forth the outlook of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions reinforce routine reviews with post-funding surveys of appraisal quality for any of their higher-risk or greater-value dealings as a way to aid in detecting valuation complications."
In addition to conforming our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we will 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 skilled in every type of appraisal review, review procedure and the requirements of review appraisers.
We are familiar with what the biggest inadequacies are, particularly in our real estate market, as well as what represents a quality appraisal. In the same regard, the professionals at REVARI (Real Estate Valuation and Research Inc.) are adequately skilled to respect that the competition in our market are capable of quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on REVARI (Real Estate Valuation and Research Inc.) to fairly look over appraisal reports done by others. And those others might be evaluating our work, too!
When you choose REVARI (Real Estate Valuation and Research Inc.), you can be sure of our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact REVARI (Real Estate Valuation and Research Inc.) regarding our qualifications, expertise and service offerings.