Experienced Appraisal Reviews by Shamrock Appraisals, Inc.
As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation program," and that appraisers completing reviews ought to "have the knowledge and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are independent, qualified, professional and compliant with the Federal Reserve's regulations, contact Shamrock Appraisals, Inc..
If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, contact us today.
As stated by the Federal Reserve, appraisal reviews "ought to conclude whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the actions by which the collateral valuation is accomplished guarantees independence and quality." In addition, they "must announce whether the appraisal or evaluation report is compatible with the engagement letter, which describes the extent of the appraisal assignment." The Federal Reserve also says that "some banks add periodic reviews with post-funding surveys of appraisal quality for some of their higher-liability or higher-value contracts as a means to assist in discovering valuation disputes."
In addition to adapting 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 will 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 experienced in all forms of appraisal reviews, review practices and the responsibilities of review appraisers.
We're aware of what the biggest defects are, especially in our housing market, as well as what makes a quality appraisal. In the same regard, we're skilled enough to identify that the competitors in our market are able to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on us to fairly assess appraisal reports executed by others. And those others might be studying our work, too!
For professional, fair, ethical appraisal review services and truthful judgments, you can depend on Shamrock Appraisals, Inc.. Contact Shamrock Appraisals, Inc. for more information regarding our qualifications, expertise and services offered.