profile picture

English Spanish

For appraisal review services in Comanche, contact Barnes Appraisal Company

Barnes Appraisal Company Appraisal Reviews

As stated 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 undertaking reviews are compelled 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 impartial, expert, professional and compliant with the Federal Reserve's regulations.

The purpose of appraisal reviews are to determine: whether the original appraisal or evaluation is appropriate for the transaction, the exposure inherit in the transaction, and whether the method by which the real estate valuation is obtained ensures independence and quality. The review should also signify whether the appraisal or evaluation report is consistent with the engagement letter, which describes the extent of the appraisal assignment. Lastly, the Federal Reserve also states 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 about an appraisal, call us today.

In addition to adjusting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we'll prepare 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 are experienced in every kind of appraisal review, review procedure and the responsibilities of review appraisers.  

For appraisal review services in Comanche, contact Barnes Appraisal Company We realize what the most frequent reporting weaknesses are, especially in our housing market. We also know what constitutes a quality appraisal.  In the same regard, we are adequately skilled to acknowledge that the competitors in our market are capable of doing good work.  The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust us to fairly review appraisal reports done by others. And those others might be reviewing our work, too!  

You can depend on Barnes Appraisal Company for our honest judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact us to learn more about our qualifications, expertise and services offered.