Experienced Appraisal Reviews by Barnes Appraisal Company
As said in a statement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation programs," and that appraisers completing reviews ought to "have the knowledge and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." Barnes Appraisal Company provides appraisal review services that are unbiased, expert, professional and square with the Federal Reserve's regulations.
If you're in the need of a real estate appraisal review or have questions regarding an appraisal, contact Barnes Appraisal Company today.
According to the Federal Reserve, appraisal reviews "have to figure out whether the appraisal or evaluation is suitable for the transaction, the danger of the transaction, and whether the procedures by which the collateral valuation is attained guarantees independence and quality." In addition, they "should denote whether the appraisal or evaluation report is compatible with the engagement letter, which sets forth the range of the appraisal assignment." Last, The Federal Reserve notes that "some institutions add regular reviews with post-funding assessments of appraisal quality for any of their high-liability or larger-value dealings as a means to aid in revealing valuation issues."
In addition to coordinating our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we'll 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. Here at Barnes Appraisal Company, we are trained in all forms of appraisal reviews, review practices and the requirements of review appraisers.
We know what the most prevalent defects are, particularly in our home market. We also understand what constitutes a quality appraisal. The professionals at Barnes Appraisal Company are also adequately experienced to realize that our competition in our market are able to do a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on Barnes Appraisal Company to fairly study appraisal reports done by others. And those others could be evaluating our work, too!
In short, when you choose Barnes Appraisal Company, you can rely on our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact us for more information regarding our qualifications, expertise and services offered.