For appraisal review services in Comanche, contact Barnes Appraisal Company

Getting a second opinion on an appraisal

According to a statement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers preparing reviews ought 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 objective, qualified, professional and in line with the Federal Reserve's rules.

A review appraisal has to ascertain: whether the original appraisal or evaluation is applicable for the transaction, the risk inherit in the transaction, and whether the practices by which the collateral valuation is rendered ensures independence and quality. Moreover, they should indicate whether the appraisal or evaluation report is in line with the letter of engagement, which describes the range of the appraisal assignment. Lastly, the Fed 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 have questions about an appraisal, or if you need a real estate appraisal review, call us today.

In addition to coordinating our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we'll prepare 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 experienced in every form of appraisal review, review process and the responsibilities of review appraisers.  

For appraisal review services in Comanche, contact Barnes Appraisal Company Barnes Appraisal Company knows what the most frequent reporting defects are, especially in our housing market. We also know what amounts to a quality appraisal.  The professionals at Barnes Appraisal Company are also skilled enough to realize that the competitors in our market are capable of a good job.  The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust us to objectively valuate appraisal reports done by others. And those others may be examining our work, too!  

For professional, fair, ethical appraisal review services and truthful judgments, you can rely on Barnes Appraisal Company. Contact Barnes Appraisal Company regarding our qualifications, expertise and service offerings.


Barnes Appraisal Company P.O. Box 7302 Lawton, OK 73506
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