Qualified Appraisal Reviews with Barnard & Associates Appraisal Services

As said in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation plans," and that appraisers completing reviews ought to "have the proficiency and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." Barnard & Associates Appraisal Services provides appraisal review services that are independent, qualified, professional and in accordance with the Federal Reserve's rules.

If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact Barnard & Associates Appraisal Services today.

Appraisal reviews "must decide whether the appraisal or evaluation is well-suited for the transaction, the liability of the transaction, and whether the methods by which the collateral valuation is collected ensures independence and quality," as stated by the Federal Reserve. In addition, they "must denote whether the appraisal or evaluation report is compatible with the engagement letter, which gives an account of the capacity of the appraisal assignment." The Federal Reserve also notes that "some institutions augment routine reviews with post-funding evaluations of appraisal quality for a few of their high-liability or high-value dealings as a channel to assist in discovering valuation issues."

In addition to tailoring our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we will produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Barnard & Associates Appraisal Services, we're skilled in every type of appraisal review, review process and the responsibilities of review appraisers.

Barnard & Associates Appraisal Services knows what the greatest deficiencies are, particularly in our real estate market, as well as what makes a quality appraisal. We're also trained enough to distinguish that the competition in our market are capable of doing 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 fairly assess appraisal reports done by others. And those others could be evaluating our work, too!

You can depend on Barnard & Associates Appraisal Services for our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us for more information about our qualifications, expertise and service offerings.