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Appraisal Reviews

According to a statement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers fulfilling reviews are obligated to "have the knowledge and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are objective, efficient, professional and compliant with the Federal Reserve's guidelines, look no further than Barnes Appraisal Company.

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

Appraisal reviews "have to verify whether the appraisal or evaluation is applicable for the transaction, the liability of the transaction, and whether the manner by which the collateral valuation is collected guarantees independence and quality," the Federal Reserve says. In addition, they "should denote whether the appraisal or evaluation report is true to the engagement letter, which gives an account of the scope of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions supplement regular reviews with post-funding assessments of appraisal quality for a number of their high-liability or large-value dealings as a method to help in addressing valuation problems."

In addition to tailoring our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we'll produce 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 qualified in every form of appraisal review, review process and the requirements of review appraisers.

We understand what the most frequent inadequacies are, especially in our home market. We also know what represents a quality appraisal. The professionals at Barnes Appraisal Company are also experienced enough to admit that the competition in our market are capable of doing a fine 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 objectively review appraisal reports completed by others. And those others might be evaluating our work, too!

You can rely on Barnes Appraisal Company for our neutral judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact us regarding our qualifications, expertise and service offerings.