Appraisal Reviews with Shamrock Appraisals, Inc.
As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation program," and that appraisers doing reviews have to "have the proficiency and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are objective, qualified, professional and in accordance with the Federal Reserve's regulations, just contact Shamrock Appraisals, Inc..
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, contact Shamrock Appraisals, Inc. today.
As stated by the Federal Reserve, appraisal reviews "have to conclude whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the means by which the collateral valuation is obtained guarantees independence and quality." In addition, they "should signify whether the appraisal or evaluation report is true to the letter of engagement, which sets forth the capacity of the appraisal assignment." Lastly, the Federal Reserve states that "some banks reinforce periodic reviews with post-funding assessments of appraisal quality for a few of their high-liability or large-value transactions as a control to assist in uncovering valuation disputes."
In addition to tailoring 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 will develop 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 every form of appraisal review, review procedure and the requirements of review appraisers.
We understand what amounts to a quality appraisal and what the greatest imperfections are, particularly in our home market. In the same regard, we are experienced enough to acknowledge that our competitors in our market are able to do a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust Shamrock Appraisals, Inc. to lawfully evaluate appraisal reports done by others. And those others might be examining our work, too!
In short, at Shamrock Appraisals, Inc., you can have confidence in our truthful judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact Shamrock Appraisals, Inc. regarding our qualifications, expertise and service offerings.