Appraisal Reviews

According to a statement by the Federal Reserve, "financial institutions are required to have effective, objective real estate appraisal and evaluation programs," and that appraisers completing reviews ought to "have the ability and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are objective, efficient, professional and square with the Federal Reserve's guidelines, look no further than Shamrock Appraisals, Inc..

If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, contact Shamrock Appraisals, Inc. today.

Appraisal reviews "have to figure out whether the appraisal or evaluation is applicable for the transaction, the risk of the transaction, and whether the processes by which the collateral valuation is collected guarantees independence and quality," according to the Federal Reserve. They "should also announce whether the appraisal or evaluation report is consistent with the engagement letter, which describes the outlook of the appraisal assignment." Lastly, the Federal Reserve notes that "some banks add periodic reviews with post-funding assessments of appraisal quality for a few of their higher-liability or large-value affairs as a control to help in exposing valuation issues."

In addition to coordinating our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we can formulate 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're experienced in every type of appraisal review, review procedure and the requirements of review appraisers.

We understand what the greatest inadequacies are, specifically in our housing market, as well as what constitutes a quality appraisal. In this regard, we're sufficiently skilled to respect that the competition in our market are skillful in doing a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on Shamrock Appraisals, Inc. to lawfully look over appraisal reports completed by others. And those others may be evaluating our work, too!

For professional, impartial, ethical appraisal review services and truthful judgments, you can count on Shamrock Appraisals, Inc.. Contact Shamrock Appraisals, Inc. for more information about our qualifications, expertise and services offered.