Appraisal Reviews by Shamrock Appraisals, Inc.

According to an announcement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation plans," and that appraisers performing reviews are obligated to "have the ability and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Here at Shamrock Appraisals, Inc., we provide appraisal review services that are unbiased, qualified, professional and compliant with the Federal Reserve's rules.

According to the Federal Reserve, appraisal reviews "must determine whether the appraisal or evaluation is well-suited for the transaction, the liability of the transaction, and whether the manners by which the collateral valuation is attained ensures independence and quality." They "should also demonstrate whether the appraisal or evaluation report is consistent with the letter of engagement, which gives an account of the scope of the appraisal assignment." Last, The Federal Reserve notes that "some banks augment routine reviews with post-funding assessments of appraisal quality for some of their high-risk or greater-value dealings as a control to aid in revealing valuation disputes."

In addition to conforming our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we will 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. At Shamrock Appraisals, Inc., we're experienced in every kind of appraisal review, review procedure and the requirements of review appraisers.