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Experienced Appraisal Reviews by Barnes Appraisal Company

According to a statement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation program," and that appraisers doing reviews ought to "have the ability and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are objective, qualified, professional and compliant with the Federal Reserve's rules, contact Barnes Appraisal Company.

If you have questions regarding an appraisal, or if you need a real estate appraisal review, contact us today.

Appraisal reviews "have to conclude whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the procedures by which the collateral valuation is attained ensures independence and quality," as stated by the Federal Reserve. In addition, they "must signify whether the appraisal or evaluation report matches the letter of engagement, which sets forth the range of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions augment routine reviews with post-funding evaluations of appraisal quality for a few of their higher-liability or high-value dealings as a channel to assist in detecting valuation concerns."

In addition to coordinating our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we will develop 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 are experienced in all forms of appraisal reviews, review procedures and the requirements of review appraisers.

Barnes Appraisal Company understands what the biggest weaknesses are, particularly in our home market. We also understand what makes a quality appraisal. In the same regard, we're experienced enough to identify that the competitors in our market are able to do 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 Barnes Appraisal Company to lawfully study appraisal reports executed by others. And those others may be examining our work, too!

In short, at Barnes Appraisal Company, you can count on our honest judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact Barnes Appraisal Company regarding our qualifications, expertise and services offered.