REVARI (Real Estate Valuation and Research Inc.) Appraisal Reviews
As stated in an announcement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation programs," and that appraisers fulfilling reviews have to "have the knowledge and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." REVARI (Real Estate Valuation and Research Inc.) provides appraisal review services that are independent, efficient, professional and in line with the Federal Reserve's guidelines.
If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, call REVARI (Real Estate Valuation and Research Inc.) today.
According to the Federal Reserve, appraisal reviews "should decide whether the appraisal or evaluation is fitting for the transaction, the uncertainty of the transaction, and whether the process by which the collateral valuation is acquired ensures independence and quality." They "must also demonstrate whether the appraisal or evaluation report is compatible with the engagement letter, which sets forth the extent of the appraisal assignment." Lastly, the Federal Reserve says that "some financial institutions add typical reviews with post-funding evaluations of appraisal quality for a few of their high-risk or high-value affairs as a method to aid in discovering valuation concerns."
In addition to adjusting our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we'll prepare an appraisal review on any one 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 practices and the requirements of review appraisers.
We know what constitutes a quality appraisal and what the most common weaknesses are, especially in our home market. In the same sense, we are experienced enough to identify that our competition in our market are qualified to do quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust us to fairly valuate appraisal reports done by others. And those others could be studying our work, too!
You can depend on REVARI (Real Estate Valuation and Research Inc.) for our honest judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact us for more information regarding our qualifications, expertise and services offered.