Expert Appraisal Reviews with Shamrock Appraisals, Inc.
As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers completing reviews ought to "have the knowledge and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Shamrock Appraisals, Inc. provides appraisal review services that are independent, qualified, professional and in accordance with the Federal Reserve's guidelines.
If you need a real estate appraisal review or have questions in reference to an appraisal, call us today.
According to the Federal Reserve, appraisal reviews "must figure out whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the actions by which the collateral valuation is accomplished guarantees independence and quality." They "should also show whether the appraisal or evaluation report matches the engagement letter, which sets forth the capacity of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions augment routine reviews with post-funding evaluations of appraisal quality for some of their high-liability or large-value transactions as a channel to assist in revealing valuation concerns."
In addition to adapting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we can prepare an appraisal review on any one 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 qualified in all kinds of appraisal reviews, review procedures and the responsibilities of review appraisers.
We understand what the greatest imperfections are, especially in our home market. We also understand what makes a quality appraisal. At the same time, we're experienced enough to acknowledge that our competitors in our market are capable of quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on Shamrock Appraisals, Inc. to objectively look over appraisal reports performed by others. And those others could be examining our work, too!
When you choose Shamrock Appraisals, Inc., you can trust our honest judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact us regarding our qualifications, expertise and services offered.