Quality Appraisal Reviews with Shamrock Appraisals, Inc.
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 completing reviews should "have the knowledge and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." At Shamrock Appraisals, Inc., we provide appraisal review services that are impartial, expert, professional and square with the Federal Reserve's rules.
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, contact Shamrock Appraisals, Inc. today.
According to the Federal Reserve, appraisal reviews "ought to verify whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the process by which the collateral valuation is acquired guarantees independence and quality." In addition, they "should demonstrate whether the appraisal or evaluation report is even with the letter of engagement, which sets forth the range of the appraisal assignment." The Federal Reserve also notes that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for a number of their high-liability or high-value contracts as a method to aid in identifying valuation complications."
In addition to adapting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are normally 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 Shamrock Appraisals, Inc., we are qualified in every form of appraisal review, review process and the requirements of review appraisers.
We're aware of what the most frequent inadequacies are, especially in our real estate market, as well as what represents a quality appraisal. We're also amply experienced to distinguish that the competition in our market are qualified to do a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on us to justly evaluate appraisal reports done by others. And those others could be evaluating our work, too!
For professional, impartial, ethical appraisal review services and neutral judgments, you can rely on Shamrock Appraisals, Inc.. Contact us for more information about our qualifications, expertise and services offered.