Appraisal Reviews

According to a statement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation program," and that appraisers doing reviews have to "have the proficiency and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." Here at REVARI (Real Estate Valuation and Research Inc.), we provide appraisal review services that are independent, efficient, professional and in accordance with the Federal Reserve's regulations.

According to the Federal Reserve, appraisal reviews "ought to verify whether the appraisal or evaluation is applicable for the transaction, the liability of the transaction, and whether the procedure by which the collateral valuation is attained ensures independence and quality." They "should also announce whether the appraisal or evaluation report is true to the engagement letter, which describes the capacity of the appraisal assignment." Lastly, the Federal Reserve notes that "some banks supplement periodic reviews with post-funding evaluations of appraisal quality for any of their high-risk or greater-value affairs as a method to help in identifying valuation problems."

In addition to conforming our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we'll develop 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 qualified in all kinds of appraisal reviews, review procedures and the requirements of review appraisers.