Expert Appraisal Reviews with Shamrock Appraisals, Inc.
According to a statement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation plans," and that appraisers performing reviews ought to "have the familiarity and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." At Shamrock Appraisals, Inc., we provide appraisal review services that are unbiased, efficient, professional and in accordance with the Federal Reserve's rules.
If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, contact Shamrock Appraisals, Inc. today.
As stated by the Federal Reserve, appraisal reviews "must determine whether the appraisal or evaluation is relevant for the transaction, the risk of the transaction, and whether the processes by which the collateral valuation is acquired guarantees independence and quality." In addition, they "should show whether the appraisal or evaluation report is even with the engagement letter, which sets forth the extent of the appraisal assignment." Last, The Federal Reserve says that "some institutions add regular reviews with post-funding evaluations of appraisal quality for a few of their high-risk or large-value dealings as a way to assist in detecting valuation issues."
In addition to adapting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we can develop 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 are experienced in every type of appraisal review, review procedure and the obligations of review appraisers.
Shamrock Appraisals, Inc. knows what the biggest imperfections are, specifically in our housing market. We also know what represents a quality appraisal. The professionals at Shamrock Appraisals, Inc. are also adequately trained to recognize that our competition in our market are capable of good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on Shamrock Appraisals, Inc. to justly examine appraisal reports completed by others. And those others might be evaluating our work, too!
In short, at Shamrock Appraisals, Inc., you can trust our neutral judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact us regarding our qualifications, expertise and service offerings.