Appraisal Reviews

As stated in an announcement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation plan," and that appraisers performing reviews are obligated to "have the ability and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are impartial, expert, professional and square with the Federal Reserve's rules, contact Shamrock Appraisals, Inc..

As stated by the Federal Reserve, appraisal reviews "must determine whether the appraisal or evaluation is applicable for the transaction, the liability of the transaction, and whether the processes by which the collateral valuation is accomplished ensures independence and quality." In addition, they "must signify whether the appraisal or evaluation report is true to the letter of engagement, which sets forth the outlook of the appraisal assignment." Last, The Federal Reserve notes that "some institutions add periodic reviews with post-funding assessments of appraisal quality for a few of their high-risk or larger-value transactions as a control to help in discovering valuation problems."

In addition to coordinating our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we will develop 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 skilled in all forms of appraisal reviews, review procedures and the requirements of review appraisers.