Appraisal Reviews with Shamrock Appraisals, Inc.
As said in an announcement by the Federal Reserve, "financial institutions are required to have effective, independent real estate appraisal and evaluation programs," and that appraisers doing reviews are obligated to "have the knowledge and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." At Shamrock Appraisals, Inc., we provide appraisal review services that are independent, efficient, professional and square with the Federal Reserve's guidelines.
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact Shamrock Appraisals, Inc. today.
Appraisal reviews "should conclude whether the appraisal or evaluation is pertinent for the transaction, the liability of the transaction, and whether the procedures by which the collateral valuation is accomplished ensures independence and quality," as stated by the Federal Reserve. They "must also denote whether the appraisal or evaluation report is even with the engagement letter, which gives an account of the capacity of the appraisal assignment." The Federal Reserve also says that "some banks reinforce typical reviews with post-funding surveys of appraisal quality for some of their high-liability or higher-value contracts as a method to aid in revealing valuation disputes."
In addition to coordinating our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we'll produce 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 trained in all types of appraisal reviews, review practices and the requirements of review appraisers.
We are familiar with what amounts to a quality appraisal and what the most common weaknesses are, especially in our home market. In the same sense, the professionals at Shamrock Appraisals, Inc. are amply skilled to acknowledge that the competition in our market are skillful in doing a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust Shamrock Appraisals, Inc. to justly examine appraisal reports executed by others. And those others may be examining our work, too!
You can count on Shamrock Appraisals, Inc. for our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact us for more information regarding our qualifications, expertise and service offerings.