For appraisal review services in Comanche, contact Barnes Appraisal Company

Experienced Appraisal Reviews by Barnes Appraisal Company

According to 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 expectation of appraisers fulfilling reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Barnes Appraisal Company provides appraisal review services that are unbiased, qualified, professional and compliant with the Federal Reserve's regulations.

A review appraisal has to verify: whether the original appraisal or evaluation is fitting for the transaction, the risk inherit in the transaction, and whether the method by which the collateral valuation is obtained ensures independence and quality. In addition, they must demonstrate whether the appraisal or evaluation report is compatible with the letter of engagement, which sets forth the extent of the appraisal assignment. The Fed 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 about an appraisal, or if you're in the need of a real estate appraisal review, contact us today.

In addition to adjusting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we will develop 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 form of appraisal review, review practice and the responsibilities of review appraisers.  

For appraisal review services in Comanche, contact Barnes Appraisal Company We realize what the most common report defects are, specifically in our real estate market, as well as what amounts to a quality appraisal.  We're also skilled enough to realize that the competitors in our market are skillful in doing quality work.  The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on us to justly review appraisal reports done by others. And those others could be reviewing our work, too!  

You can count on Barnes Appraisal Company for our independent judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact Barnes Appraisal Company for more information about our qualifications, expertise and service offerings.





 
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