For appraisal review services in Comanche, contact Barnes Appraisal Company

Appraisal Reviews with Barnes Appraisal Company

As said in an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that it's the responsibility of appraisers engaged in reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." At Barnes Appraisal Company, we provide appraisal review services that are objective, expert, professional and in accordance with the Federal Reserve's guidelines.

The purpose of appraisal reviews are to detect: whether the original appraisal or evaluation is relevant for the transaction, the liability inherit in the transaction, and whether the procedure by which the property valuation is acquired guarantees independence and quality. The review must also signify whether the appraisal or evaluation report is compatible with the letter of engagement, which describes the depth of the appraisal assignment. The Fed goes on to say that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".

If you're in the need of a real estate appraisal review or have questions regarding an appraisal, call us today.

In addition to conforming our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we will produce an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form.  Here at Barnes Appraisal Company, we're experienced in all forms of appraisal reviews, review practices and the obligations of review appraisers.  

For appraisal review services in Comanche, contact Barnes Appraisal Company We are aware of what the most prevalent report inadequacies are, specifically in our real estate market, as well as what makes a quality appraisal.  We're also adequately skilled to acknowledge that our competition in our market are qualified to do quality work.  The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on Barnes Appraisal Company to objectively look over appraisal reports completed by others. And those others could be examining our work, too!  

When you choose Barnes Appraisal Company, you can have confidence in our honest judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and services offered.