Quality Appraisal Reviews by Shamrock Appraisals, Inc.
According to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation program," and that appraisers fulfilling reviews have to "have the knowledge and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Shamrock Appraisals, Inc. provides appraisal review services that are impartial, qualified, professional and in line with the Federal Reserve's regulations.
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, call us today.
Appraisal reviews "ought to find out whether the appraisal or evaluation is fitting for the transaction, the uncertainty of the transaction, and whether the process by which the collateral valuation is acquired guarantees independence and quality," as stated by the Federal Reserve. They "should also signify whether the appraisal or evaluation report is true to the letter of engagement, which sets forth the outlook of the appraisal assignment." The Federal Reserve also states that "some financial institutions supplement periodic reviews with post-funding assessments of appraisal quality for some of their high-liability or greater-value dealings as a means to aid in exposing valuation dilemmas."
In addition to coordinating our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we can prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Shamrock Appraisals, Inc., we are experienced in every kind of appraisal review, review practice and the responsibilities of review appraisers.
We understand what the most prevalent inadequacies are, specifically in our housing market. We also understand what represents a quality appraisal. We're also trained enough to recognize that the competition in our market are qualified to do a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on Shamrock Appraisals, Inc. to ethically valuate appraisal reports performed by others. And those others may be reviewing our work, too!
In short, when you choose Shamrock Appraisals, Inc., you can rely on our honest judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact us regarding our qualifications, expertise and service offerings.