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

According to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers completing reviews should "have the proficiency and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are independent, efficient, professional and square with the Federal Reserve's guidelines, contact REVARI (Real Estate Valuation and Research Inc.).

According to the Federal Reserve, appraisal reviews "should determine whether the appraisal or evaluation is relevant for the transaction, the uncertainty of the transaction, and whether the procedure by which the collateral valuation is acquired ensures independence and quality." Moreover, they "must denote whether the appraisal or evaluation report matches the letter of engagement, which describes the capacity of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions add periodic reviews with post-funding assessments of appraisal quality for any of their high-liability or large-value dealings as a method to help in detecting valuation concerns."

In addition to tailoring our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we'll produce an appraisal review on any 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 skilled in all types of appraisal reviews, review practices and the requirements of review appraisers.