Shamrock Appraisals, Inc. Appraisal Reviews
As said in a statement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation programs," and that appraisers doing reviews ought to "have the familiarity and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." Here at Shamrock Appraisals, Inc., we provide appraisal review services that are independent, expert, professional and in line with the Federal Reserve's guidelines.
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, call us today.
The Federal Reserve says appraisal reviews "should find out whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the procedure by which the collateral valuation is accomplished ensures independence and quality." They "should also indicate whether the appraisal or evaluation report is true to the letter of engagement, which describes the scope of the appraisal assignment." Last, The Federal Reserve states that "some institutions augment routine reviews with post-funding assessments of appraisal quality for any of their higher-risk or greater-value dealings as a channel to help in exposing valuation disputes."
In addition to tailoring our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we will 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. At Shamrock Appraisals, Inc., we are trained in every kind of appraisal review, review practice and the requirements of review appraisers.
We realize what the biggest deficiencies are, specifically in our real estate market, as well as what constitutes a quality appraisal. We're also trained enough to know that our competitors in our market are capable of 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 justly assess appraisal reports performed by others. And those others might be examining our work, too!
In short, at Shamrock Appraisals, Inc., you can be sure of our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact Shamrock Appraisals, Inc. regarding our qualifications, expertise and service offerings.