Appraiser CooperativeAlternative To Appraisal Management Companies

ReValYoo's Appraiser Cooperative is a viable and effective valuation solution for Lending Clients who need to arrange the development of appraisal assignments. ReValYoo supervises and monitors all of the administrative functions involved in the appraisal ordering, tracking and delivery process. Order in, order through, order out.

As an Appraiser Cooperative, we pride ourselves as being the premiere resource partner to administer an association of independent certified and licensed appraisers, who develop real estate appraisal assignments on behalf of mortgage lending institutions and other entities. Valuable services that allow lending institutions to do what they do best, make loans, while we manage the profession we were trained to do.

ReValYoo is a "one stop shop". We recruit, qualify, verify licensing, and negotiates fees and the service level expectations with our association of independant appraisers. We also provide administrative duties such as order entry and assignment, tracking and status updates, pre-delivery quality control, and report delivery.

We do not blindly recruit appraisers. Each potential Cooperator Appraiser goes through a vigorous screening process, which ensures our quality level of professionalism and developing long-term relationships with our associates only strengthens the quality of the services we provide. We also review the references and sample reports of every Cooperator as part of our acceptance process.

Our services include ongoing quality control, accounts payable and receivable, market value dispute resolution, warranty administration, and record retention. Essential services that help keep our clients in compliance with industry standards.

Click here to view or download ReValYoo's HVCC Compliance Policy

The New Industry Standard

As Congress, the Federal Reserve and Treasury Secretary, all scramble to come up with a plan to salvage the two giants of the U.S. mortgage industry: Fannie Mae and Freddie Mac, it's very clear that a change in the way the mortgage industry is administered will be necessary.

Amidst the political fray over deregulation's responsibility for the housing market meltdown, Fannie Mae and Freddie Mac immediately began their short term objective of selling around three billion dollars worth of securities in order to maintain free market movement. Although "Free market" does not accurately describe the financial services industry in the world today.

Government Sponsored Entities (GSE's) such as Fannie Mae and Freddie Mac have primarily fueled the government's extraordinary expansion of mortgage lending. The truth is that since 1978, the U.S. government has managed financial markets to maintain full employment and stimulate economic growth and similar practices also prevail in many other countries.

Government created regulatory agencies now supervise the entry, exit and a combination of financial institutions; they oversee the transparency of financial reporting and securities underwriting; they influence credit and capital policies of lenders; they manage the money supply through which they drive interest rates and inflation expectations; and they provide the electronic system through which vast quantities of cash are transferred. In deed the government has acquired an intensely vested position in the financial market and it now looks like they are willing to increase their stake within it.

The arbitrary implementation of the Home Valuation Code of Conduct (HVCC) has unquestionably added to the already existing long list of regulations that have previously been implemented to protect the public from industry disasters like the Savings and Loan Debacle.

Once again each financial industry's governance regulations, along with the restrictions added under FIRREA, RESPA, TILA, Regulation Z and USPAP will be joined to include the government's latest attempt to fix a problem. View a list of frequently asked questions by clicking here.

Even though the new standards will only apply to Federally Related Transactions, or those which will eventually be transferred to a GSE, the imposed solution will quickly become the new industry standard. Those lenders who naively believe that they can remain independent of government intervention may well find themselves holding unsellable assets in the unforeseeable future.

Thus a lender's only protection against future events is to maintain compliance to federally mandated regulations. In short, what affects Fannie Mae and Freddie Mac will affect everyone and compliance is about protecting a lender’s viable market movement.

Why should you use us:

Simply because we know our profession. We are an Appraiser Cooperative providing valuation services to the lending, real estate, financial services, legal and insurance industries.

We set ourselves apart from all other management firms in our use of IT and communications technology and other computer software and valuation developments, which allow for prompt placement and completion of your real estate appraisal needs.

We have developed our systems to assist us with timely turnarounds; quality and accuracy of information; the ability to perform in difficult geographical markets and we pride ourselves on being responsive to each individual client's need.

Our extensive association of Independent Real Estate Appraisal Professionals provides quality appraisal services nationwide. If you need help with a real estate appraisal, we will provide a seasoned professional who services your local market.

For more information or to discuss your specific service needs contact us here.

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