Experienced 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, unbiased real estate appraisal and evaluation plans," and that appraisers completing reviews are obligated to "have the knowledge and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." At REVARI (Real Estate Valuation and Research Inc.), we provide appraisal review services that are independent, qualified, professional and compliant with the Federal Reserve's guidelines.
If you have questions regarding an appraisal, or if you need a real estate appraisal review, contact us today.
According to the Federal Reserve, appraisal reviews "have to determine whether the appraisal or evaluation is pertinent for the transaction, the uncertainty of the transaction, and whether the manner by which the collateral valuation is collected guarantees independence and quality." They "should also denote whether the appraisal or evaluation report is compatible with the engagement letter, which gives an account of the range of the appraisal assignment." The Federal Reserve also notes that "some institutions reinforce typical reviews with post-funding evaluations of appraisal quality for a number of their high-liability or greater-value transactions as a way to aid in discovering valuation dilemmas."
In addition to adapting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we'll develop 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're skilled in all kinds of appraisal reviews, review processes and the responsibilities of review appraisers.
REVARI (Real Estate Valuation and Research Inc.) understands what the biggest inadequacies are, especially in our home market, as well as what represents a quality appraisal. We're also adequately skilled to realize that our competition in our market are capable of doing good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on REVARI (Real Estate Valuation and Research Inc.) to ethically examine appraisal reports performed by others. And those others may be evaluating our work, too!
In short, at REVARI (Real Estate Valuation and Research Inc.), you can be sure of our neutral judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact us regarding our qualifications, expertise and services offered.