Expert Appraisal Reviews by Shamrock Appraisals, Inc.
As said in an announcement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers doing reviews have to "have the ability and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are unbiased, qualified, professional and in line with the Federal Reserve's rules, look no further than Shamrock Appraisals, Inc..
If you have questions about an appraisal, or if you need a real estate appraisal review, call us today.
Appraisal reviews "ought to conclude whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the practices by which the collateral valuation is attained ensures independence and quality," as stated by the Federal Reserve. They "must also indicate whether the appraisal or evaluation report matches the letter of engagement, which describes the scope of the appraisal assignment." The Federal Reserve also notes that "some financial institutions reinforce routine reviews with post-funding evaluations of appraisal quality for a few of their high-risk or higher-value affairs as a way to aid in identifying valuation disputes."
In addition to adjusting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we will 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 skilled in every type of appraisal review, review practice and the obligations of review appraisers.
We are familiar with what the greatest deficiencies are, specifically in our real estate market. We also know what makes a quality appraisal. The professionals at Shamrock Appraisals, Inc. are also sufficiently trained to identify that our competitors in our market are qualified to do a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on us to ethically look over appraisal reports executed by others. And those others may be studying our work, too!
For professional, impartial, ethical appraisal review services and honest judgments, you can depend on Shamrock Appraisals, Inc.. Contact Shamrock Appraisals, Inc. to learn more about our qualifications, expertise and services offered.