Experienced Appraisal Reviews by Shamrock Appraisals, Inc.

According to a statement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation plans," and that appraisers performing reviews have to "have the proficiency and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Here at Shamrock Appraisals, Inc., we provide appraisal review services that are unbiased, qualified, professional and square with the Federal Reserve's guidelines.

As stated by the Federal Reserve, appraisal reviews "must conclude whether the appraisal or evaluation is relevant for the transaction, the risk of the transaction, and whether the procedure by which the collateral valuation is obtained guarantees independence and quality." They "must also denote whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the outlook of the appraisal assignment." Last, The Federal Reserve notes that "some banks supplement periodic reviews with post-funding evaluations of appraisal quality for a few of their high-liability or higher-value dealings as a method to aid in uncovering valuation complications."

In addition to adapting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we can formulate 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 qualified in every form of appraisal review, review practice and the responsibilities of review appraisers.