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

According to a statement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation program," and that appraisers doing reviews have to "have the familiarity and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are objective, efficient, professional and compliant with the Federal Reserve's guidelines, look no further than REVARI (Real Estate Valuation and Research Inc.).

Appraisal reviews "ought to determine whether the appraisal or evaluation is appropriate for the transaction, the danger of the transaction, and whether the procedures by which the collateral valuation is obtained ensures independence and quality," according to the Federal Reserve. They "must also denote whether the appraisal or evaluation report is compatible with the engagement letter, which gives an account of the capacity of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions supplement routine reviews with post-funding evaluations of appraisal quality for a few of their high-risk or higher-value contracts as a way to aid in exposing 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 normally used for review services, and we can formulate an appraisal review on any 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 trained in all kinds of appraisal reviews, review practices and the requirements of review appraisers.