Quality Appraisal Reviews with Barnes Appraisal Company
According to a statement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation plans," and that appraisers doing reviews ought to "have the proficiency and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." At Barnes Appraisal Company, we provide appraisal review services that are unbiased, efficient, professional and in line with the Federal Reserve's regulations.
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, call us today.
Appraisal reviews "have to verify whether the appraisal or evaluation is fitting for the transaction, the liability of the transaction, and whether the method by which the collateral valuation is attained guarantees independence and quality," the Federal Reserve says. Moreover, they "should denote whether the appraisal or evaluation report is consistent with the letter of engagement, which sets forth the extent of the appraisal assignment." Last, The Federal Reserve states that "some banks add regular reviews with post-funding surveys of appraisal quality for any of their higher-liability or larger-value transactions as a means to aid in addressing valuation disputes."
In addition to adjusting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we'll produce 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're skilled in all forms of appraisal reviews, review processes and the obligations of review appraisers.
Barnes Appraisal Company understands what the most frequent defects are, especially in our real estate market, as well as what amounts to a quality appraisal. The professionals at Barnes Appraisal Company are also adequately skilled to distinguish that the competition in our market are qualified to do quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust us to ethically valuate appraisal reports done by others. And those others may be studying our work, too!
In short, when you choose Barnes Appraisal Company, you can have confidence in our independent judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact us for more information regarding our qualifications, expertise and service offerings.