For appraisal review services in Comanche, contact Barnes Appraisal Company

Appraisal Reviews by Barnes Appraisal Company

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 undertaking reviews are obligated 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 objective, expert, professional and compliant with the Federal Reserve's rules.

The purpose of appraisal reviews are to reveal: whether the original appraisal or evaluation is well-suited for the transaction, the liability inherit in the transaction, and whether the manners by which the collateral valuation is accomplished guarantees independence and quality. The review must also show whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the scope of the appraisal assignment. Lastly, the Federal Reserve 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 in reference to an appraisal, or if you need a real estate appraisal review, call Barnes Appraisal Company today.

In addition to coordinating our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we'll prepare 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 all forms of appraisal reviews, review procedures and the requirements of review appraisers.  

For appraisal review services in Comanche, contact Barnes Appraisal Company We are familiar with what the biggest reporting weaknesses are, specifically in our home market. We also know what represents a quality appraisal.  In the same sense, we are sufficiently skilled to recognize that our competition in our market are capable of doing a great job.  The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on us to ethically examine appraisal reports carried out by others. And those others could be studying our work, too!  

When you choose Barnes Appraisal Company, you can trust our neutral judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact Barnes Appraisal Company for more information about our qualifications, expertise and service offerings.





 
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