Appraisal Reviews with Ireland Appraisal Associates, LLC

As said in a statement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation plan," and that appraisers completing reviews have to "have the familiarity and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." Ireland Appraisal Associates, LLC provides appraisal review services that are impartial, efficient, professional and compliant with the Federal Reserve's guidelines.

If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, call Ireland Appraisal Associates, LLC today.

As stated by the Federal Reserve, appraisal reviews "have to verify whether the appraisal or evaluation is fitting for the transaction, the risk of the transaction, and whether the procedure by which the collateral valuation is accomplished ensures independence and quality." In addition, they "should indicate whether the appraisal or evaluation report matches the engagement letter, which describes the range of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions reinforce typical reviews with post-funding assessments of appraisal quality for some of their high-liability or higher-value contracts as a channel to assist in uncovering valuation disputes."

In addition to conforming our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we can 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 Ireland Appraisal Associates, LLC, we are qualified in every kind of appraisal review, review practice and the responsibilities of review appraisers.

We are familiar with what represents a quality appraisal and what the most prevalent weaknesses are, particularly in our real estate market. The professionals at Ireland Appraisal Associates, LLC are also amply skilled to know that the competitors in our market are able to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on us to justly look over appraisal reports performed by others. And those others could be examining our work, too!

In short, when you choose Ireland Appraisal Associates, LLC, you can count on our neutral judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact Ireland Appraisal Associates, LLC for more information regarding our qualifications, expertise and service offerings.