Appraisal Reviews by Shamrock Appraisals, Inc.
As said in an announcement by the Federal Reserve, "financial institutions are required to have an effective, impartial real estate appraisal and evaluation program," and that appraisers completing reviews have to "have the familiarity and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are unbiased, efficient, professional and in accordance with the Federal Reserve's rules, contact 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.
According to the Federal Reserve, appraisal reviews "ought to conclude whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the procedures by which the collateral valuation is attained ensures independence and quality." In addition, they "should signify whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the scope of the appraisal assignment." Last, The Federal Reserve states that "some banks reinforce typical reviews with post-funding surveys of appraisal quality for any of their high-liability or higher-value dealings as a means to assist in revealing valuation problems."
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'll prepare 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're trained in every type of appraisal review, review practice and the responsibilities of review appraisers.
Shamrock Appraisals, Inc. knows what the most prevalent deficiencies are, especially in our home market. We also understand what represents a quality appraisal. In the same sense, we are trained enough to acknowledge that the competitors in our market are qualified to do a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on Shamrock Appraisals, Inc. to objectively study appraisal reports completed by others. And those others might be reviewing our work, too!
You can rely on Shamrock Appraisals, Inc. for our independent judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact us regarding our qualifications, expertise and services offered.