Quality Appraisal Reviews with Las Vegas Appraisal Service, Inc.
As said in an announcement by the Federal Reserve, "financial institutions are required to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers fulfilling reviews are obligated to "have the proficiency and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are independent, efficient, professional and in accordance with the Federal Reserve's guidelines, just contact Las Vegas Appraisal Service, Inc..
If you need a real estate appraisal review or have questions about an appraisal, contact Las Vegas Appraisal Service, Inc. today.
As stated by the Federal Reserve, appraisal reviews "ought to find out whether the appraisal or evaluation is pertinent for the transaction, the liability of the transaction, and whether the process by which the collateral valuation is obtained ensures independence and quality." In addition, they "should show whether the appraisal or evaluation report is compatible with the letter of engagement, which sets forth the scope of the appraisal assignment." Last, The Federal Reserve notes that "some institutions supplement routine reviews with post-funding evaluations of appraisal quality for any of their higher-liability or high-value contracts as a method to aid in identifying valuation problems."
In addition to adapting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we'll 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. Here at Las Vegas Appraisal Service, Inc., we are qualified in every type of appraisal review, review practice and the obligations of review appraisers.
Las Vegas Appraisal Service, Inc. is aware of what the greatest inadequacies are, specifically in our real estate market, as well as what makes a quality appraisal. At the same time, we are adequately experienced to respect that our competitors in our market are qualified to do a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on us to ethically assess appraisal reports done by others. And those others could be examining our work, too!
At Las Vegas Appraisal Service, Inc., you can have confidence in our neutral judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact Las Vegas Appraisal Service, Inc. regarding our qualifications, expertise and services offered.