Quality Appraisal Reviews by Shamrock Appraisals, Inc.
As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation procedures," and that appraisers doing reviews ought to "have the knowledge and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are objective, qualified, professional and compliant with the Federal Reserve's regulations, look no further than 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.
Appraisal reviews "should find out whether the appraisal or evaluation is applicable for the transaction, the liability of the transaction, and whether the means by which the collateral valuation is accomplished guarantees independence and quality," according to the Federal Reserve. Moreover, they "must signify whether the appraisal or evaluation report is compatible with the letter of engagement, which describes the scope of the appraisal assignment." Last, The Federal Reserve says that "some banks augment regular reviews with post-funding assessments of appraisal quality for a few of their higher-liability or greater-value transactions as a way to assist in addressing valuation concerns."
In addition to conforming our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we'll prepare 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 qualified in every form of appraisal review, review practice and the obligations of review appraisers.
Shamrock Appraisals, Inc. realizes what the most prevalent weaknesses are, specifically in our home market. We also know what represents a quality appraisal. In the same regard, we are sufficiently experienced to recognize that the competitors in our market are able to do a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on Shamrock Appraisals, Inc. to lawfully study appraisal reports executed by others. And those others could be reviewing our work, too!
In short, at Shamrock Appraisals, Inc., you can have confidence in our truthful 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.