Shamrock Appraisals, Inc. Appraisal Reviews
According to an announcement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation programs," and that appraisers completing reviews ought to "have the ability and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." Here at Shamrock Appraisals, Inc., we provide appraisal review services that are impartial, efficient, 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.
The Federal Reserve says appraisal reviews "ought to figure out 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 collected ensures independence and quality." Moreover, they "must denote whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the extent of the appraisal assignment." The Federal Reserve also states that "some institutions augment typical reviews with post-funding surveys of appraisal quality for a number of their higher-risk or greater-value transactions as a method to assist in revealing valuation dilemmas."
In addition to adjusting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we can produce an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Shamrock Appraisals, Inc., we are trained in every type of appraisal review, review process and the responsibilities of review appraisers.
Shamrock Appraisals, Inc. knows what the most common deficiencies are, especially in our housing market. We also understand what makes a quality appraisal. We're also sufficiently trained to distinguish that the competitors in our market are skillful in doing good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust Shamrock Appraisals, Inc. to lawfully examine appraisal reports done by others. And those others could be reviewing our work, too!
For professional, objective, ethical appraisal review services and neutral judgments, you can count on Shamrock Appraisals, Inc.. Contact Shamrock Appraisals, Inc. for more information about our qualifications, expertise and service offerings.