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

According to an announcement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation programs," and that appraisers completing reviews are obligated to "have the proficiency and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are unbiased, expert, professional and compliant with the Federal Reserve's rules, just contact REVARI (Real Estate Valuation and Research Inc.).

Appraisal reviews "have to figure out whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the manners by which the collateral valuation is attained ensures independence and quality," as stated by the Federal Reserve. They "must also show whether the appraisal or evaluation report is even with the engagement letter, which sets forth the range of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions reinforce periodic reviews with post-funding evaluations of appraisal quality for a few of their higher-risk or larger-value contracts as a control to aid in discovering valuation problems."

In addition to coordinating our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we will 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. At REVARI (Real Estate Valuation and Research Inc.), we are experienced in every type of appraisal review, review process and the obligations of review appraisers.