Appraisal Reviews with Las Vegas Appraisal Service, Inc.According to a statement by the Federal Reserve, "financial institutions are required to have effective, objective real estate appraisal and evaluation procedures," and that appraisers performing reviews have to "have the familiarity and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." At Las Vegas Appraisal Service, Inc., we provide appraisal review services that are objective, expert, professional and in line with the Federal Reserve's regulations. If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact us today. Appraisal reviews "have to figure out whether the appraisal or evaluation is relevant for the transaction, the risk of the transaction, and whether the method by which the collateral valuation is obtained guarantees independence and quality," as stated by the Federal Reserve. Moreover, they "must demonstrate whether the appraisal or evaluation report matches the letter of engagement, which describes the extent of the appraisal assignment." The Federal Reserve also says that "some banks add typical reviews with post-funding assessments of appraisal quality for a number of their high-risk or greater-value dealings as a means to help in discovering valuation issues." In addition to adjusting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we'll develop an appraisal review on any 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 are experienced in every type of appraisal review, review process and the responsibilities of review appraisers. Las Vegas Appraisal Service, Inc. is aware of what constitutes a quality appraisal and what the most common weaknesses are, specifically in our housing market. In this regard, we are amply experienced to admit that our competitors in our market are skillful in doing a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on us to lawfully examine appraisal reports done by others. And those others may be reviewing our work, too! You can depend on Las Vegas Appraisal Service, Inc. for our independent judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact us for more information about our qualifications, expertise and service offerings. |