Experienced Appraisal Reviews with Shamrock Appraisals, Inc.
As said in a statement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation plans," and that appraisers completing reviews should "have the knowledge and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Shamrock Appraisals, Inc. provides appraisal review services that are independent, qualified, professional and in line with the Federal Reserve's guidelines.
If you're in the need of a real estate appraisal review or have questions about an appraisal, contact us today.
Appraisal reviews "ought to determine whether the appraisal or evaluation is applicable for the transaction, the danger of the transaction, and whether the procedures by which the collateral valuation is acquired guarantees independence and quality," the Federal Reserve says. They "should also indicate whether the appraisal or evaluation report is compatible with the engagement letter, which describes the capacity of the appraisal assignment." The Federal Reserve also says that "some institutions supplement periodic reviews with post-funding surveys of appraisal quality for any of their higher-liability or high-value affairs as a control to help in exposing valuation issues."
In addition to coordinating our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we can prepare 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 are skilled in all kinds of appraisal reviews, review practices and the responsibilities of review appraisers.
We know what the biggest weaknesses are, specifically in our real estate market. We also understand what represents a quality appraisal. In the same regard, the professionals at Shamrock Appraisals, Inc. are adequately skilled to identify that the competitors in our market are capable of doing good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on us to fairly study appraisal reports carried out by others. And those others might be examining our work, too!
At Shamrock Appraisals, Inc., you can have confidence in our honest judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact Shamrock Appraisals, Inc. for more information regarding our qualifications, expertise and service offerings.