Appraisal Reviews with Ireland Appraisal Associates, LLC

As said in a statement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation procedures," and that appraisers performing reviews are obligated to "have the knowledge 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 in line with the Federal Reserve's guidelines.

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

The Federal Reserve says appraisal reviews "should figure out whether the appraisal or evaluation is relevant for the transaction, the danger of the transaction, and whether the actions by which the collateral valuation is collected guarantees independence and quality." They "must also announce whether the appraisal or evaluation report is consistent with the engagement letter, which describes the scope of the appraisal assignment." Last, The Federal Reserve states that "some financial institutions supplement typical reviews with post-funding surveys of appraisal quality for some of their higher-risk or large-value transactions as a means to help in uncovering valuation problems."

In addition to coordinating our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we will produce 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 Ireland Appraisal Associates, LLC, we're qualified in every type of appraisal review, review procedure and the responsibilities of review appraisers.

Ireland Appraisal Associates, LLC realizes what the biggest inadequacies are, specifically in our housing market. We also understand what represents a quality appraisal. The professionals at Ireland Appraisal Associates, LLC are also skilled enough to respect that the competitors in our market are qualified to do quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on Ireland Appraisal Associates, LLC to objectively study appraisal reports executed by others. And those others may be evaluating our work, too!

Here at Ireland Appraisal Associates, LLC, you can be sure of our independent judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact Ireland Appraisal Associates, LLC to learn more about our qualifications, expertise and services offered.