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For appraisal review services in Comanche, contact Barnes Appraisal Company

Barnes Appraisal Company Appraisal Reviews

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 appraisers doing reviews should "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 independent, expert, professional and square with the Federal Reserve's regulations.

The purpose of appraisal reviews are to reveal: whether the original appraisal or evaluation is relevant for the transaction, the liability inherit in the transaction, and whether the means by which the real estate valuation is acquired guarantees independence and quality. The review must also show whether the appraisal or evaluation report is compatible with the engagement letter, which describes the scope of the appraisal assignment. The Federal Reserve also notes 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 have questions in reference to an appraisal, or if you need a real estate appraisal review, call Barnes Appraisal Company today.

In addition to adjusting our work to the procedures 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 of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form.  At Barnes Appraisal Company, we're trained in all kinds of appraisal reviews, review practices and the responsibilities of review appraisers.  

For appraisal review services in Comanche, contact Barnes Appraisal Company Barnes Appraisal Company realizes what amounts to a quality appraisal and what the most prevalent imperfections are, particularly for reports in our home market.  Concurrently, we're sufficiently experienced to respect that our competitors in our market are skillful in doing 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 lawfully study appraisal reports carried out by others. And those others could be examining our work, too!  

In short, when you choose Barnes Appraisal Company, you can trust our independent judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact us regarding our qualifications, expertise and services offered.