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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 performing reviews are compelled 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, efficient, professional and in line with the Federal Reserve's regulations.

A review appraisal should determine: whether the original appraisal or evaluation is relevant for the transaction, the liability inherit in the transaction, and whether the means by which the collateral valuation is accomplished guarantees independence and quality. They should also denote whether the appraisal or evaluation report matches the letter of engagement, which sets forth the depth of the appraisal assignment. The Federal Reserve 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 in reference to an appraisal, or if you need a real estate appraisal review, call us today.

In addition to conforming our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are largely 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 are experienced in every form of appraisal review, review procedure and the obligations of review appraisers.  

For appraisal review services in Comanche, contact Barnes Appraisal Company We know what the most common reporting deficiencies are, specifically in our housing market. We also understand what represents a quality appraisal.  We're also experienced enough to recognize that the competition in our market are capable of doing quality work.  The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust us to objectively evaluate appraisal reports carried out by others. And those others may be reviewing our work, too!  

For professional, unbiased, ethical appraisal review services and truthful judgments, you can depend on Barnes Appraisal Company. Contact us for more information regarding our qualifications, expertise and service offerings.