Experienced Appraisal Reviews with Las Vegas Appraisal Service, Inc.
As said in an announcement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation plans," and that appraisers fulfilling reviews have to "have the ability and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." Here at Las Vegas Appraisal Service, Inc., we provide appraisal review services that are unbiased, expert, professional and in accordance with the Federal Reserve's guidelines.
If you have questions about an appraisal, or if you need a real estate appraisal review, call Las Vegas Appraisal Service, Inc. today.
Appraisal reviews "should verify whether the appraisal or evaluation is relevant for the transaction, the danger of the transaction, and whether the methods by which the collateral valuation is obtained guarantees independence and quality," as stated by the Federal Reserve. They "should also denote whether the appraisal or evaluation report is even with the engagement letter, which gives an account of the extent of the appraisal assignment." Last, The Federal Reserve notes that "some institutions add routine reviews with post-funding surveys of appraisal quality for some of their higher-risk or larger-value transactions as a control to assist in discovering valuation issues."
In addition to adapting our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we will develop an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Las Vegas Appraisal Service, Inc., we're qualified in all types of appraisal reviews, review practices and the obligations of review appraisers.
Las Vegas Appraisal Service, Inc. realizes what makes a quality appraisal and what the biggest inadequacies are, especially in our real estate market. Concurrently, we're adequately trained to admit that our competition in our market are qualified to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust us to ethically look over appraisal reports completed by others. And those others could be studying our work, too!
In short, at Las Vegas Appraisal Service, Inc., you can rely on our neutral judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact us regarding our qualifications, expertise and service offerings.