Shamrock Appraisals, Inc. Appraisal Reviews
As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation plans," and that appraisers completing reviews are obligated to "have the knowledge and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Shamrock Appraisals, Inc. provides appraisal review services that are independent, expert, professional and square with the Federal Reserve's guidelines.
If you're in the need of a real estate appraisal review or have questions regarding an appraisal, contact Shamrock Appraisals, Inc. today.
The Federal Reserve says appraisal reviews "should find out whether the appraisal or evaluation is appropriate for the transaction, the danger of the transaction, and whether the processes by which the collateral valuation is acquired ensures independence and quality." Moreover, they "should announce whether the appraisal or evaluation report is even with the letter of engagement, which sets forth the outlook of the appraisal assignment." Last, The Federal Reserve notes that "some institutions supplement typical reviews with post-funding assessments of appraisal quality for any of their higher-risk or large-value transactions as a means to assist in uncovering valuation problems."
In addition to adjusting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we can develop 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 skilled in all types of appraisal reviews, review practices and the obligations of review appraisers.
We realize what the biggest deficiencies are, particularly in our housing market, as well as what represents a quality appraisal. In this regard, we are proficient enough to admit that our competitors in our market are skillful in doing a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust us to justly valuate appraisal reports completed by others. And those others could be studying our work, too!
At Shamrock Appraisals, Inc., you can trust our independent judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact us regarding our qualifications, expertise and service offerings.