The Real Estate Valuation Advocacy Association (REVAA) is a real estate valuation industry trade association that promotes education, high ethical standards, political awareness, and the professional development of the real estate valuation industry.
We believe that consumers, homeowners, the mortgage lending industry, and the economy as a whole are best served when a diversified array of real estate valuation products and tools are available in the marketplace. With growing complexity relative to real estate valuation in today's challenging market, it is vital that end-users and decision makers have the opportunity to benefit from the use of the most appropriate valuation related service to meet their specific need.
REVAA supports registration and regulation of Appraisal Management Companies (AMCs), as they provide important services to the lending community and other market participants and add efficiency and reliability to the lending and loan servicing industry.
REVAA members are proactive in their efforts to promote and expand the valuation industry. They produce and deliver real estate valuation and pricing products, which include Appraisals, Broker Price Opinions (BPOs), Automated Valuation Models (AVMs), and other innovative products, that benefit mortgage investors, servicers, originators, and borrowers.
In addition to advanced technology and analytics, REVAA members work with real estate professionals that are knowledgeable about local markets and customs in the development and delivery of their services. As the demand for real estate valuation related services expands, REVAA members are committed to adapting new and creative solutions to assist market participants.