For appraisal review services in Comanche, contact Barnes Appraisal Company

Appraisal Reviews with Barnes Appraisal Company

As said in 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 duty of appraisers fulfilling reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Here at Barnes Appraisal Company, we provide appraisal review services that are independent, qualified, 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 risk inherit in the transaction, and whether the processes by which the property valuation is attained ensures independence and quality. The review should also show whether the appraisal or evaluation report is true to the letter of engagement, which describes the range of the appraisal assignment. Lastly, the Fed also goes on to say 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 need a real estate appraisal review or have questions regarding an appraisal, call Barnes Appraisal Company today.

In addition to conforming our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we'll formulate 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 skilled in all kinds of appraisal reviews, review procedures and the responsibilities of review appraisers.  

For appraisal review services in Comanche, contact Barnes Appraisal Company We understand what the most frequent report imperfections are, specifically in our housing market, as well as what constitutes a quality appraisal.  The professionals at Barnes Appraisal Company are also trained enough to realize that our competition in our market are capable of good work.  The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust Barnes Appraisal Company to justly valuate appraisal reports carried out by others. And those others might be evaluating our work, too!  

At Barnes Appraisal Company, you can rely on our independent judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact us for more information regarding our qualifications, expertise and service offerings.