Quality Appraisal Reviews with REVARI (Real Estate Valuation and Research Inc.)
According to a statement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation plans," and that appraisers doing reviews are obligated to "have the proficiency and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." REVARI (Real Estate Valuation and Research Inc.) provides appraisal review services that are objective, qualified, professional and in accordance with the Federal Reserve's regulations.
If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, call us today.
As stated by the Federal Reserve, appraisal reviews "ought to figure out whether the appraisal or evaluation is fitting for the transaction, the liability of the transaction, and whether the manner by which the collateral valuation is attained ensures independence and quality." Moreover, they "must announce whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the range of the appraisal assignment." Lastly, the Federal Reserve notes that "some banks augment periodic reviews with post-funding evaluations of appraisal quality for any of their high-liability or larger-value contracts as a method to help in discovering valuation concerns."
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 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're experienced in every type of appraisal review, review practice and the requirements of review appraisers.
We know what the most prevalent inadequacies are, especially in our real estate market, as well as what constitutes a quality appraisal. In the same regard, we are adequately experienced to realize that the competition in our market are able to do a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on REVARI (Real Estate Valuation and Research Inc.) to justly review appraisal reports carried out by others. And those others could be examining our work, too!
At REVARI (Real Estate Valuation and Research Inc.), you can count on our truthful judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact us for more information about our qualifications, expertise and services offered.