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Appraisal Reviews with Barnes Appraisal Company

As said in a statement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation programs," and that appraisers performing reviews have to "have the ability and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Here at Barnes Appraisal Company, we provide appraisal review services that are unbiased, efficient, professional and in accordance with the Federal Reserve's rules.

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

Appraisal reviews "must find out whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the process by which the collateral valuation is attained guarantees independence and quality," the Federal Reserve says. Moreover, they "should show whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the scope of the appraisal assignment." The Federal Reserve also says that "some institutions add routine reviews with post-funding assessments of appraisal quality for a number of their high-risk or greater-value affairs as a control to help in identifying valuation complications."

In addition to coordinating our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we will 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. Here at Barnes Appraisal Company, we are trained in all types of appraisal reviews, review processes and the obligations of review appraisers.

We know what constitutes a quality appraisal and what the most prevalent deficiencies are, specifically in our home market. The professionals at Barnes Appraisal Company are also trained enough to know that the competitors in our market are able to do good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust Barnes Appraisal Company to justly evaluate appraisal reports executed by others. And those others might be examining our work, too!

You can count on Barnes Appraisal Company for 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 service offerings.