Commercial real estate
Commercial appraisal review for banks and credit unions
ARC reviews commercial real estate appraisals for lenders. We do not produce appraisals, so the review is independent of the work it tests. Every review is written to USPAP Standard 3 and the Interagency Appraisal and Evaluation Guidelines, under AI-GRS designated review oversight.
Two ways banks use ARC
- Banks with a chief appraiser. Your chief appraiser stays in charge. We take the overflow, the backlog, and the special-purpose and hard-to-value files your staff would rather not carry alone.
- Banks without in-house review. ARC serves as your independent third-party reviewer. An outside reviewer satisfies the Guidelines' independence requirement by structure: there is no internal reporting line for an examiner to question.
What a review answers
- Is the report credible, and does it comply with USPAP and the Interagency Guidelines?
- Is the value conclusion supported by the market data in the report?
- Are the assumptions, including extraordinary assumptions and hypothetical conditions, carried through to the conclusion?
- What should the lender do next: accept, accept with conditions, request revisions, or reject?
Property types
Office, retail, industrial and flex, multifamily, hospitality, self-storage, medical and owner-occupied, mixed use, special purpose, land and construction, net lease, and portfolios. Commercial real estate is most of what we review.
Questions
Commercial appraisal review for banks and credit unions, answered
Flat fee, quoted before work starts. Coverage in all 50 states and Puerto Rico.
What is a commercial appraisal review?
A written opinion, developed under USPAP Standard 3, on the quality of another appraiser's work. It states whether the report is credible, complies with the applicable standards, and supports the value conclusion.
Why use an outside reviewer?
The Interagency Guidelines require review staff to be independent of loan production. An internal reviewer meets that by policy. An outside reviewer meets it by structure.
How is a review priced?
Flat fee per review, quoted before work starts. No percentage of value and no fee taken from the appraiser.