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Quality Appraisal Reviews with Barnes Appraisal Company

According to a statement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation plan," and that appraisers fulfilling reviews ought to "have the familiarity and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." Barnes Appraisal Company provides appraisal review services that are independent, qualified, professional and in accordance with the Federal Reserve's guidelines.

If you're in the need of a real estate appraisal review or have questions regarding an appraisal, call Barnes Appraisal Company today.

Appraisal reviews "ought to determine whether the appraisal or evaluation is relevant for the transaction, the danger of the transaction, and whether the process by which the collateral valuation is attained guarantees independence and quality," according to the Federal Reserve. Moreover, they "should announce whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the range of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions add typical reviews with post-funding surveys of appraisal quality for any of their high-risk or larger-value contracts as a way to aid in revealing valuation problems."

In addition to coordinating our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we can prepare 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 all kinds of appraisal reviews, review practices and the obligations of review appraisers.

We're aware of what the most prevalent deficiencies are, specifically in our home market. We also know what amounts to a quality appraisal. We're also adequately trained to know that our competitors in our market are capable of quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on us to ethically assess appraisal reports carried out by others. And those others might be examining our work, too!

Here at Barnes Appraisal Company, you can have confidence in our truthful judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact us for more information about our qualifications, expertise and services offered.