Las Vegas Appraisal Service, Inc. Appraisal Reviews
According to an announcement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation plans," and that appraisers performing reviews ought to "have the familiarity and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are impartial, efficient, professional and in accordance with the Federal Reserve's rules, contact Las Vegas Appraisal Service, Inc..
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, call us today.
Appraisal reviews "must conclude whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the manners by which the collateral valuation is collected guarantees independence and quality," as stated by the Federal Reserve. They "must also demonstrate whether the appraisal or evaluation report is compatible with the engagement letter, which describes the range of the appraisal assignment." Lastly, the Federal Reserve notes that "some institutions supplement routine reviews with post-funding evaluations of appraisal quality for any of their high-liability or large-value contracts as a channel to assist in addressing valuation complications."
In addition to conforming our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we will 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 Las Vegas Appraisal Service, Inc., we're qualified in every form of appraisal review, review practice and the obligations of review appraisers.
We're aware of what represents a quality appraisal and what the greatest deficiencies are, particularly in our home market. The professionals at Las Vegas Appraisal Service, Inc. are also trained enough to recognize that the competitors in our market are capable of a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust us to objectively evaluate appraisal reports carried out by others. And those others may be studying our work, too!
At Las Vegas Appraisal Service, Inc., you can have confidence in our independent judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and services offered.