Expert Appraisal Reviews with Barnes Appraisal Company
According to a statement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation plans," and that appraisers fulfilling reviews must "have the familiarity and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." Barnes Appraisal Company provides appraisal review services that are independent, expert, professional and compliant with the Federal Reserve's regulations.
If you need a real estate appraisal review or have questions about an appraisal, call Barnes Appraisal Company today.
Appraisal reviews "have to conclude whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the method by which the collateral valuation is attained ensures independence and quality," the Federal Reserve says. Moreover, they "must show whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the extent of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions add routine reviews with post-funding assessments of appraisal quality for a few of their higher-risk or large-value transactions as a channel to help in addressing valuation disputes."
In addition to adjusting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we can formulate 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 skilled in every type of appraisal review, review procedure and the responsibilities of review appraisers.
Barnes Appraisal Company realizes what the most frequent weaknesses are, especially in our home market, as well as what makes a quality appraisal. In this regard, the professionals at Barnes Appraisal Company are sufficiently skilled to acknowledge that our competitors in our market are qualified to do a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on us to ethically assess appraisal reports completed by others. And those others could be studying our work, too!
In short, at Barnes Appraisal Company, you can rely on our truthful judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact Barnes Appraisal Company for more information about our qualifications, expertise and service offerings.