Expert Appraisal Reviews by Shamrock Appraisals, Inc.

According to an announcement by the Federal Reserve, "financial institutions are required to have effective, objective real estate appraisal and evaluation procedures," and that appraisers doing reviews are obligated to "have the ability and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." Shamrock Appraisals, Inc. provides appraisal review services that are independent, qualified, professional and in accordance with the Federal Reserve's rules.

Appraisal reviews "ought to find out whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the actions by which the collateral valuation is collected ensures independence and quality," as stated by the Federal Reserve. Moreover, they "should show whether the appraisal or evaluation report matches the letter of engagement, which gives an account of the range of the appraisal assignment." Lastly, the Federal Reserve notes that "some banks supplement routine reviews with post-funding assessments of appraisal quality for any of their higher-liability or higher-value transactions as a means to help in discovering valuation disputes."

In addition to adjusting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we will formulate 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 qualified in every kind of appraisal review, review procedure and the obligations of review appraisers.