Quality Appraisal Reviews by Las Vegas Appraisal Service, Inc.

According to an announcement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation plan," and that appraisers completing reviews should "have the proficiency and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are impartial, efficient, professional and compliant with the Federal Reserve's regulations, just contact Las Vegas Appraisal Service, Inc..

Appraisal reviews "should figure out whether the appraisal or evaluation is well-suited for the transaction, the liability of the transaction, and whether the methods by which the collateral valuation is accomplished ensures independence and quality," as stated by the Federal Reserve. In addition, they "should denote whether the appraisal or evaluation report is consistent with the engagement letter, which gives an account of the scope of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions add routine reviews with post-funding surveys of appraisal quality for a number of their higher-liability or larger-value affairs as a way to aid in revealing valuation complications."

In addition to conforming our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we can produce 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 experienced in all kinds of appraisal reviews, review practices and the obligations of review appraisers.