Appraisal Reviews with Shamrock Appraisals, Inc.
According to a statement by the Federal Reserve, "financial institutions are required to have effective, independent real estate appraisal and evaluation procedures," and that appraisers performing reviews ought to "have the familiarity and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are independent, qualified, professional and in line with the Federal Reserve's rules, just contact Shamrock Appraisals, Inc..
If you need a real estate appraisal review or have questions about an appraisal, contact Shamrock Appraisals, Inc. today.
Appraisal reviews "ought to conclude whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the processes by which the collateral valuation is attained ensures independence and quality," the Federal Reserve says. They "should also demonstrate whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the outlook of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions reinforce periodic reviews with post-funding surveys of appraisal quality for a few of their higher-risk or larger-value contracts as a channel to aid in addressing valuation complications."
In addition to tailoring our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we will produce 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 are qualified in all kinds of appraisal reviews, review processes and the obligations of review appraisers.
Shamrock Appraisals, Inc. understands what the biggest weaknesses are, especially in our real estate market. We also understand what represents a quality appraisal. In this regard, we are proficient enough to admit that the competitors in our market are capable of doing a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on Shamrock Appraisals, Inc. to fairly look over appraisal reports carried out by others. And those others could be examining our work, too!
You can count on Shamrock Appraisals, Inc. for our independent judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact Shamrock Appraisals, Inc. for more information regarding our qualifications, expertise and services offered.