Quality Appraisal Reviews with Barnes Appraisal Company
As said in a statement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation program," and that appraisers performing reviews ought to "have the proficiency and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Barnes Appraisal Company provides appraisal review services that are independent, expert, professional and in line with the Federal Reserve's regulations.
If you're in the need of a real estate appraisal review or have questions about an appraisal, call us today.
As stated by the Federal Reserve, appraisal reviews "have to figure out whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the method by which the collateral valuation is acquired guarantees independence and quality." Moreover, they "must announce whether the appraisal or evaluation report is even with the engagement letter, which gives an account of the outlook of the appraisal assignment." The Federal Reserve also states that "some financial institutions augment regular reviews with post-funding evaluations of appraisal quality for a number of their higher-risk or large-value dealings as a way to aid in discovering valuation issues."
In addition to adapting our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we can formulate 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 skilled in all forms of appraisal reviews, review practices and the requirements of review appraisers.
Barnes Appraisal Company knows what amounts to a quality appraisal and what the greatest imperfections are, especially in our real estate market. The professionals at Barnes Appraisal Company are also amply skilled to recognize that our competitors in our market are capable of a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust us to justly look over appraisal reports performed by others. And those others could be evaluating our work, too!
In short, here at Barnes Appraisal Company, you can have confidence in our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and services offered.