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For appraisal review services in Comanche, contact Barnes Appraisal Company

Getting a second opinion on an appraisal

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 engaged in reviews are compelled to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Here at Barnes Appraisal Company, we provide appraisal review services that are objective, efficient, professional and in accordance with the Federal Reserve's guidelines.

A review appraisal should pursue: whether the original appraisal or evaluation is applicable for the transaction, the liability inherit in the transaction, and whether the procedures by which the property valuation is accomplished guarantees independence and quality. They must also denote whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the extent of the appraisal assignment. The Fed also 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 have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, call Barnes Appraisal Company today.

In addition to tailoring our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we can produce an appraisal review on any 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 every type of appraisal review, review procedure and the responsibilities of review appraisers.  

For appraisal review services in Comanche, contact Barnes Appraisal Company Barnes Appraisal Company understands what the most frequent reporting imperfections are, particularly in our real estate market. We also know what constitutes a quality appraisal.  In the same sense, we're proficient enough to realize that the competitors in our market are capable of a great job.  The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on us to ethically review appraisal reports done by others. And those others may be examining our work, too!  

For professional, unbiased, ethical appraisal review services and truthful judgments, you can depend on Barnes Appraisal Company. Contact Barnes Appraisal Company to learn more about our qualifications, expertise and service offerings.