Appraisal Reviews by Shamrock Appraisals, Inc.
According to a statement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation procedures," and that appraisers doing reviews ought to "have the familiarity and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are independent, expert, professional and square with the Federal Reserve's guidelines, look no further than Shamrock Appraisals, Inc..
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact Shamrock Appraisals, Inc. today.
As stated by the Federal Reserve, appraisal reviews "should decide whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the procedure by which the collateral valuation is acquired guarantees independence and quality." They "must also signify whether the appraisal or evaluation report matches the engagement letter, which describes the capacity of the appraisal assignment." Last, The Federal Reserve states that "some financial institutions add routine reviews with post-funding surveys of appraisal quality for a number of their high-liability or greater-value affairs as a channel to help in detecting valuation dilemmas."
In addition to coordinating our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we can prepare an appraisal review on any 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 obligations of review appraisers.
We are familiar with what the most frequent imperfections are, particularly in our real estate market. We also understand what represents a quality appraisal. The professionals at Shamrock Appraisals, Inc. are also amply skilled to recognize that the competition in our market are capable of doing a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on us to fairly valuate appraisal reports performed by others. And those others may be reviewing our work, too!
For professional, objective, ethical appraisal review services and neutral judgments, you can depend on Shamrock Appraisals, Inc.. Contact Shamrock Appraisals, Inc. for more information regarding our qualifications, expertise and services offered.