Expert Appraisal Reviews by REVARI (Real Estate Valuation and Research Inc.)
According to a statement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers fulfilling reviews are obligated to "have the familiarity and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." REVARI (Real Estate Valuation and Research Inc.) provides appraisal review services that are unbiased, expert, professional and square with the Federal Reserve's rules.
If you have questions about an appraisal, or if you need a real estate appraisal review, call REVARI (Real Estate Valuation and Research Inc.) today.
Appraisal reviews "must verify whether the appraisal or evaluation is applicable for the transaction, the liability of the transaction, and whether the procedure by which the collateral valuation is obtained guarantees independence and quality," as stated by the Federal Reserve. They "must also denote whether the appraisal or evaluation report is true to the engagement letter, which gives an account of the range of the appraisal assignment." Last, The Federal Reserve states that "some financial institutions augment typical reviews with post-funding assessments of appraisal quality for some of their high-risk or greater-value transactions as a control to help in discovering 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 generally 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. Here at REVARI (Real Estate Valuation and Research Inc.), we are qualified in every type of appraisal review, review process and the responsibilities of review appraisers.
We know what the most common deficiencies are, specifically in our housing market, as well as what constitutes a quality appraisal. The professionals at REVARI (Real Estate Valuation and Research Inc.) are also skilled enough to acknowledge that the competitors 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 objectively look over appraisal reports completed by others. And those others could be examining our work, too!
You can depend on REVARI (Real Estate Valuation and Research Inc.) for our independent judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact REVARI (Real Estate Valuation and Research Inc.) to learn more about our qualifications, expertise and service offerings.