Quality Appraisal Reviews with Shamrock Appraisals, Inc.
As said in an announcement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation procedures," and that appraisers fulfilling reviews should "have the ability and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Shamrock Appraisals, Inc. provides appraisal review services that are objective, efficient, professional and in line with the Federal Reserve's regulations.
If you have questions regarding an appraisal, or if you need a real estate appraisal review, contact Shamrock Appraisals, Inc. today.
As stated by the Federal Reserve, appraisal reviews "ought to determine whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the actions by which the collateral valuation is attained guarantees independence and quality." In addition, they "must show whether the appraisal or evaluation report is consistent with the letter of engagement, which gives an account of the outlook of the appraisal assignment." The Federal Reserve also notes that "some financial institutions reinforce regular reviews with post-funding evaluations of appraisal quality for a number of their higher-liability or large-value contracts as a way to help in detecting valuation disputes."
In addition to tailoring our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we'll prepare 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're experienced in every form of appraisal review, review procedure and the obligations of review appraisers.
We're aware of what the greatest inadequacies are, specifically in our home market. We also understand what amounts to a quality appraisal. At the same time, the professionals at Shamrock Appraisals, Inc. are sufficiently skilled to realize that our competitors in our market are capable of doing good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust Shamrock Appraisals, Inc. to ethically assess appraisal reports carried out by others. And those others may be reviewing our work, too!
In short, when you choose Shamrock Appraisals, Inc., you can have confidence in our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us for more information regarding our qualifications, expertise and service offerings.