Appraisal Reviews by Barnes Appraisal Company

As stated in an announcement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation plans," and that appraisers fulfilling reviews have to "have the ability and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are impartial, efficient, professional and in line with the Federal Reserve's rules, contact Barnes Appraisal Company.

The Federal Reserve says appraisal reviews "should figure out whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the methods by which the collateral valuation is acquired ensures independence and quality." Moreover, they "must announce whether the appraisal or evaluation report matches the letter of engagement, which describes the capacity of the appraisal assignment." The Federal Reserve also says that "some financial institutions supplement regular reviews with post-funding evaluations of appraisal quality for any of their high-risk or greater-value contracts as a method to aid in exposing valuation disputes."

In addition to conforming our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are generally 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. At Barnes Appraisal Company, we're experienced in every kind of appraisal review, review procedure and the responsibilities of review appraisers.