Expert Appraisal Reviews with Shamrock Appraisals, Inc.
As stated in an announcement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers doing reviews have to "have the proficiency and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." At Shamrock Appraisals, Inc., we provide appraisal review services that are impartial, qualified, professional and in accordance with the Federal Reserve's regulations.
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, contact us today.
Appraisal reviews "should find out whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the means by which the collateral valuation is obtained ensures independence and quality," as stated by the Federal Reserve. They "should also announce whether the appraisal or evaluation report is even with the engagement letter, which describes the scope of the appraisal assignment." Last, The Federal Reserve states that "some institutions supplement regular reviews with post-funding evaluations of appraisal quality for any of their high-liability or greater-value dealings as a method to help in addressing valuation complications."
In addition to adjusting our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we can produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Shamrock Appraisals, Inc., we are experienced in every form of appraisal review, review procedure and the obligations of review appraisers.
We're aware of what the greatest imperfections are, specifically in our housing market. We also know what represents a quality appraisal. Concurrently, we are proficient enough to know that the competition in our market are able to do a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on Shamrock Appraisals, Inc. to fairly assess appraisal reports carried out by others. And those others might be evaluating our work, too!
In short, at Shamrock Appraisals, Inc., you can have confidence in our independent judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and service offerings.