Qualified Appraisal Reviews by Barnes Appraisal Company
As said in an announcement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation programs," and that appraisers fulfilling reviews have to "have the familiarity and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are objective, qualified, professional and in accordance with the Federal Reserve's regulations, contact Barnes Appraisal Company.
If you need a real estate appraisal review or have questions in reference to an appraisal, call Barnes Appraisal Company today.
Appraisal reviews "have to figure out whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the processes by which the collateral valuation is attained guarantees independence and quality," according to the Federal Reserve. In addition, they "must signify whether the appraisal or evaluation report matches the letter of engagement, which gives an account of the extent of the appraisal assignment." Last, The Federal Reserve notes that "some banks reinforce regular reviews with post-funding assessments of appraisal quality for a few of their higher-liability or greater-value transactions as a control to assist in revealing valuation complications."
In addition to conforming our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we will 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 every form of appraisal review, review process and the obligations of review appraisers.
Barnes Appraisal Company realizes what amounts to a quality appraisal and what the biggest weaknesses are, especially in our home market. The professionals at Barnes Appraisal Company are also trained enough to admit that our competitors in our market are capable of a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on us to fairly valuate appraisal reports carried out by others. And those others might be evaluating our work, too!
Here at Barnes Appraisal Company, you can have confidence in our independent judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact us for more information about our qualifications, expertise and services offered.