Shamrock Appraisals, Inc. Appraisal Reviews
As said in a statement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation plan," and that appraisers fulfilling reviews should "have the proficiency and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." At Shamrock Appraisals, Inc., we provide appraisal review services that are unbiased, efficient, professional and square with the Federal Reserve's guidelines.
If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, contact us today.
As stated by the Federal Reserve, appraisal reviews "have to decide whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the means by which the collateral valuation is obtained ensures independence and quality." Moreover, they "must denote whether the appraisal or evaluation report is even with the letter of engagement, which sets forth the outlook 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-liability or high-value dealings as a channel to help in addressing valuation complications."
In addition to adjusting 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 will formulate 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're trained in all forms of appraisal reviews, review practices and the obligations of review appraisers.
Shamrock Appraisals, Inc. knows what the most prevalent deficiencies are, particularly in our real estate market. We also understand what represents a quality appraisal. In this regard, we're adequately skilled to respect that our competition in our market are qualified to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on us to ethically evaluate appraisal reports done by others. And those others may be reviewing our work, too!
For professional, objective, ethical appraisal review services and honest judgments, you can depend on Shamrock Appraisals, Inc.. Contact Shamrock Appraisals, Inc. regarding our qualifications, expertise and service offerings.