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

As stated in an announcement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers completing reviews have to "have the familiarity and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." REVARI (Real Estate Valuation and Research Inc.) provides appraisal review services that are impartial, efficient, professional and in accordance with the Federal Reserve's regulations.

If you need a real estate appraisal review or have questions about an appraisal, call REVARI (Real Estate Valuation and Research Inc.) today.

Appraisal reviews "must verify whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the methods by which the collateral valuation is collected guarantees independence and quality," according to the Federal Reserve. In addition, they "must show whether the appraisal or evaluation report is consistent with the letter of engagement, which sets forth the scope of the appraisal assignment." The Federal Reserve also says that "some banks supplement periodic reviews with post-funding assessments of appraisal quality for some of their high-risk or larger-value transactions as a means to help in addressing valuation concerns."

In addition to conforming our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we will prepare 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 qualified in all kinds of appraisal reviews, review processes and the requirements of review appraisers.

REVARI (Real Estate Valuation and Research Inc.) realizes what represents a quality appraisal and what the greatest weaknesses are, particularly in our real estate market. In the same sense, we are professional enough to know that the competition in our market are capable of doing a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust us to ethically evaluate appraisal reports executed by others. And those others may be examining our work, too!

For professional, impartial, ethical appraisal review services and independent judgments, you can count on REVARI (Real Estate Valuation and Research Inc.). Contact REVARI (Real Estate Valuation and Research Inc.) to learn more about our qualifications, expertise and services offered.