Quality Appraisal Reviews by Barker Appraisal Group

According to a statement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation program," and that appraisers doing reviews must "have the proficiency and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are objective, efficient, professional and square with the Federal Reserve's guidelines, contact Barker Appraisal Group.

If you have questions regarding an appraisal, or if you need a real estate appraisal review, contact Barker Appraisal Group today.

According to the Federal Reserve, appraisal reviews "must determine whether the appraisal or evaluation is appropriate for the transaction, the danger of the transaction, and whether the manners by which the collateral valuation is obtained guarantees independence and quality." Moreover, they "must announce whether the appraisal or evaluation report is consistent with the engagement letter, which gives an account of the capacity of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions augment typical reviews with post-funding evaluations of appraisal quality for any of their high-liability or higher-value contracts as a means to help in discovering valuation dilemmas."

In addition to adjusting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we will develop an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Barker Appraisal Group, we're trained in all types of appraisal reviews, review processes and the responsibilities of review appraisers.

We are aware of what the most frequent defects are, particularly in our home market. We also understand what represents a quality appraisal. The professionals at Barker Appraisal Group are also amply skilled to know that the competition in our market are skillful in doing a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on Barker Appraisal Group to ethically review appraisal reports executed by others. And those others could be reviewing our work, too!

For professional, objective, ethical appraisal review services and honest judgments, you can count on Barker Appraisal Group. Contact Barker Appraisal Group for more information about our qualifications, expertise and services offered.