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. If you need a real estate appraisal review or have questions in reference to an appraisal, contact Shamrock Appraisals, Inc. today. 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. Shamrock Appraisals, Inc. realizes what the most frequent defects are, specifically in our real estate market, as well as what constitutes a quality appraisal. The professionals at Shamrock Appraisals, Inc. are also sufficiently trained to recognize that our competitors in our market are capable of doing a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on us to justly study appraisal reports carried out by others. And those others might be studying our work, too! In short, at Shamrock Appraisals, Inc., you can rely on our independent judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us regarding our qualifications, expertise and services offered. |