Qualified Appraisal Reviews by Shamrock Appraisals, Inc.
According to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation program," and that appraisers fulfilling reviews have to "have the knowledge and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are impartial, qualified, professional and in line with the Federal Reserve's regulations, just contact Shamrock Appraisals, Inc..
If you have questions regarding an appraisal, or if you need a real estate appraisal review, call us today.
As stated by the Federal Reserve, appraisal reviews "should conclude whether the appraisal or evaluation is suitable for the transaction, the liability of the transaction, and whether the manner by which the collateral valuation is obtained guarantees independence and quality." They "should also indicate whether the appraisal or evaluation report matches the letter of engagement, which sets forth the scope of the appraisal assignment." Last, The Federal Reserve states that "some financial institutions reinforce routine reviews with post-funding assessments of appraisal quality for any of their high-risk or higher-value dealings as a means to aid in identifying 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 typically used for review services, and we will produce 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 Shamrock Appraisals, Inc., we are experienced in every kind of appraisal review, review practice and the responsibilities of review appraisers.
Shamrock Appraisals, Inc. understands what the greatest weaknesses are, especially in our real estate market. We also understand what makes a quality appraisal. The professionals at Shamrock Appraisals, Inc. are also skilled enough to distinguish that our competition in our market are capable of doing a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on us to lawfully valuate appraisal reports executed by others. And those others might be reviewing our work, too!
In short, here at Shamrock Appraisals, Inc., you can count on our honest judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact Shamrock Appraisals, Inc. to learn more about our qualifications, expertise and services offered.