Appraisals for Financial Institutions
An appraisal acts as a confirmation and justification of a property’s worth, so a simple definition of a complex transactional relationship. As financial institutions, it is imperative that an appraisal cover every aspect of a property from its current worth to its potential projected value. Such thorough appraisals require strict adherence to federal regulations, understanding of the appraisal requirements, and the use of advanced technology.
Utilizing cutting edge evaluation software with access to the most recent data, we prioritize expediency and thoroughness in all our assignments. Rest assured, no quality is sacrificed for this speed - the uniform standards of professional appraisal criteria are met at every step of our appraisal generation.
Due to our strict adherence to these stringent regulations, WestRock is able to maintain healthy relationships with banking and financial institutions. Our transparency, accuracy, and prioritization of exceeding the standards of professional appraisals is what makes WestRock’s appraisal services exceptional.

How WestRock Helps Financial Institutions with Appraisals
WestRock’s versatile experience ranges from different types of properties to its operations within many different markets and market conditions. This extensive experience is used to create comprehensive, thorough, and accurate appraisals for the insurance of safe and sound real estate related financial transactions.
While operating within the confines of interagency appraisal and evaluation guidelines, WestRock excels at offering expediency. Using advanced technology like analytics and processing software, WestRock delivers quality appraisals in whatever turnaround you need.
Find out more about our appraisal offerings
Experience Matters
When choosing appraisal services, it is imperative that the professionals involved be experienced and knowledgeable of the rules in place to uphold the value of property and the integrity of the institutions that back it. Given fluctuations in the turbulent property market we operate in, this experience is more valuable than ever.
The final rule has impacted financial systems and their dependence on professional appraisal practices, but the need for third party appraisals has not diminished despite the adjustment in the appraisal threshold. Equipped with awareness of Title XI and its subsequent effect on appraisals to acquire real estate loans, WestRock and all of its certified appraisers possess extensive knowledge to guarantee an accurate appraisal to ensure the issuance of sound business loans.
Real estate appraisals are required by the federal government to ensure that banks, credit unions, and all financial institutions are making educated decisions for itself and its clients. As a result of that requirement, appraisal independence from the institution itself is key, along with an accruing experience in appraisal services.
This experience is reflected in the coveted MAI designation - held by appraisers who have invested a substantial amount of time in their own training in the valuation of properties from commercial to residential real estate. MAI appraisers go above and beyond to perform quality appraisals to advise clients on sound real estate investment decisions and Steve Romer is no different. WestRock’s president and founder possesses the MAI designation, demonstrating the efforts he underwent to exceed his state-certified peers. He infuses that experience and the standards of professional appraisals into every aspect of WestRock’s operations and team dynamics.
Our Commercial Appraisal Reports
We specialize in market values you can rely on. Commercial properties, more than any other type of real property, depend on the market’s conditions that this knowledge is imperative in generating an accurate appraisal. Each of our reports is meticulously prepared with these key features:
Innovative Aspects of our Commercial Appraisal Reports
- Area Analysis: Deduction of relevant market trends, demographic statistics, and economic indicators.
- Zoning Analysis: An in-depth evaluation of the property’s compliance with relevant zoning standards.
- Improvements Suggestions: Comprehensive descriptions, along with sketches and photographs, to detail a property’s optimized improvements.
- Real Estate Taxes Statistics: This feature analyzes historical and current taxes to project accurate real estate taxes for the subject property.
- Comparison Data: Detailed photos, descriptions, and analytics of comparative properties are provided for comparison. A sales comparison grid depicts all data and any necessary adjustments.
- Income Analysis: Evaluates historical data to determine a property’s projected income and its requisite expenses.
- Complete itemization of all income sources.
- Operating Expenses: We provide an operating expense history and anticipate your expenses based on our extensive collection of comparable expense data.
- Capitalization Rate Development: Commercial loan rate surveys provide a basis for capitalization rate development.
Using advanced appraisal tech and our market expertise, these features generate an informative and comprehensive appraisal. All of our appraisals comply with the Agencies’ appraisal regulations in the shared initiative of allowing financial institutions and their clients to make educated real estate decisions.
Pricing
Prices vary on specific appraisal reports because of many factors like:
- Property type
- Size and complexity of property
- Property location and travel distance involved
- Ease of obtaining data in the relevant market area
- Scope of work
- Reporting format
- Turnaround time
Let WestRock Help Appraise Your Property
Get started by filling out the form below. You'll hear from one of the members of our expert team soon.