Appraisal Reviews by REVARI (Real Estate Valuation and Research Inc.)
According to a statement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation programs," and that appraisers completing reviews have to "have the ability and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are impartial, expert, professional and in accordance with the Federal Reserve's guidelines, just contact REVARI (Real Estate Valuation and Research Inc.).
If you're in the need of a real estate appraisal review or have questions about an appraisal, contact REVARI (Real Estate Valuation and Research Inc.) today.
According to the Federal Reserve, appraisal reviews "have to figure out whether the appraisal or evaluation is well-suited for the transaction, the liability of the transaction, and whether the procedure by which the collateral valuation is attained guarantees independence and quality." In addition, they "should announce whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the extent of the appraisal assignment." Last, The Federal Reserve states that "some financial institutions augment typical reviews with post-funding assessments of appraisal quality for a number of their high-liability or large-value contracts as a control to aid in revealing valuation concerns."
In addition to coordinating our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we can develop 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 trained in every type of appraisal review, review practice and the requirements of review appraisers.
We know what the greatest weaknesses are, particularly in our housing market. We also understand what makes a quality appraisal. We're also sufficiently skilled to respect that our competitors in our market are qualified to do good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust us to fairly look over appraisal reports executed by others. And those others could be studying our work, too!
At REVARI (Real Estate Valuation and Research Inc.), you can rely on our honest judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact us to learn more about our qualifications, expertise and services offered.