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

As said in a statement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation procedures," and that appraisers completing reviews have to "have the ability and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." REVARI (Real Estate Valuation and Research Inc.) provides appraisal review services that are objective, efficient, professional and in line with the Federal Reserve's rules.

According to the Federal Reserve, appraisal reviews "must determine whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the practices by which the collateral valuation is obtained guarantees independence and quality." In addition, they "must show whether the appraisal or evaluation report is true to the engagement letter, which describes the scope of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions add typical reviews with post-funding assessments of appraisal quality for some of their high-liability or large-value transactions as a channel to aid in addressing valuation disputes."

In addition to adjusting our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we'll formulate 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 all kinds of appraisal reviews, review procedures and the obligations of review appraisers.