Appraisal ReviewsAccording to a statement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation program," and that appraisers completing reviews must "have the ability and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." Ireland Appraisal Associates, LLC provides appraisal review services that are independent, efficient, professional and in line with the Federal Reserve's rules. 
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact Ireland Appraisal Associates, LLC today. Appraisal reviews "should find out whether the appraisal or evaluation is fitting for the transaction, the risk of the transaction, and whether the manner by which the collateral valuation is attained ensures independence and quality," the Federal Reserve says. They "should also indicate whether the appraisal or evaluation report is true to the engagement letter, which sets forth the scope of the appraisal assignment." The Federal Reserve also states that "some institutions supplement typical reviews with post-funding surveys of appraisal quality for any of their higher-liability or greater-value transactions as a way to assist in discovering valuation problems." In addition to coordinating our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we can produce 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 trained in all forms of appraisal reviews, review procedures and the obligations of review appraisers. We know what the most prevalent defects are, particularly in our home market. We also understand what amounts to a quality appraisal. In this regard, we are trained enough to identify that our competition in our market are capable of doing a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on Ireland Appraisal Associates, LLC to objectively examine appraisal reports completed by others. And those others could be studying our work, too! In short, when you choose Ireland Appraisal Associates, LLC, you can be sure of our neutral judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact us regarding our qualifications, expertise and services offered. |