Qualified Appraisal Reviews with Shamrock Appraisals, Inc.
As stated in an announcement by the Federal Reserve, "financial institutions are required to have effective, independent real estate appraisal and evaluation programs," and that appraisers fulfilling reviews are obligated to "have the familiarity and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are unbiased, qualified, professional and square with the Federal Reserve's guidelines, look no further than Shamrock Appraisals, Inc..
If you're in the need of a real estate appraisal review or have questions regarding an appraisal, contact us today.
Appraisal reviews "have to conclude whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the process by which the collateral valuation is accomplished ensures independence and quality," as stated by the Federal Reserve. In addition, they "must demonstrate whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the range of the appraisal assignment." The Federal Reserve also states that "some institutions augment routine reviews with post-funding surveys of appraisal quality for a few of their high-risk or large-value contracts as a control to aid in exposing valuation problems."
In addition to adapting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we will develop 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 trained in every kind of appraisal review, review process and the requirements of review appraisers.
We're aware of what represents a quality appraisal and what the most frequent inadequacies are, specifically in our home market. We're 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 as well as appraisal reports, and you can count on Shamrock Appraisals, Inc. to lawfully assess appraisal reports performed by others. And those others may be studying our work, too!
In short, when you choose Shamrock Appraisals, Inc., you can trust our truthful judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact us for more information about our qualifications, expertise and service offerings.