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

According to a statement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation plan," and that appraisers performing reviews must "have the familiarity and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are objective, expert, professional and in line with the Federal Reserve's rules, look no further than REVARI (Real Estate Valuation and Research Inc.).

Appraisal reviews "ought to find out whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the means by which the collateral valuation is accomplished ensures independence and quality," the Federal Reserve says. They "must also signify whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the range of the appraisal assignment." The Federal Reserve also says that "some financial institutions supplement regular reviews with post-funding surveys of appraisal quality for a number of their high-risk or greater-value transactions as a way to help in exposing 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 generally used for review services, and we will formulate 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 every form of appraisal review, review practice and the responsibilities of review appraisers.