Shamrock Appraisals, Inc. Appraisal Reviews
As said in a statement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers completing reviews must "have the knowledge and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are independent, qualified, professional and in accordance with the Federal Reserve's regulations, just contact Shamrock Appraisals, Inc..
If you need a real estate appraisal review or have questions in reference to an appraisal, call Shamrock Appraisals, Inc. today.
Appraisal reviews "must decide whether the appraisal or evaluation is relevant for the transaction, the risk of the transaction, and whether the actions by which the collateral valuation is collected guarantees independence and quality," according to the Federal Reserve. They "should also demonstrate whether the appraisal or evaluation report is true to the letter of engagement, which sets forth the outlook of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions add periodic reviews with post-funding surveys of appraisal quality for some of their higher-risk or high-value contracts as a method to help in detecting valuation disputes."
In addition to coordinating our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we'll formulate 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're skilled in every kind of appraisal review, review practice and the responsibilities of review appraisers.
We know what the most prevalent deficiencies are, especially in our housing market, as well as what amounts to a quality appraisal. We're also sufficiently skilled to respect that our competition in our market are capable of a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust Shamrock Appraisals, Inc. to fairly look over appraisal reports carried out by others. And those others could be evaluating our work, too!
When you choose Shamrock Appraisals, Inc., you can have confidence in our honest judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and services offered.