Quality Appraisal Reviews by Las Vegas Appraisal Service, Inc.

As said in a statement by the Federal Reserve, "financial institutions are required to have effective, objective real estate appraisal and evaluation plans," and that appraisers performing reviews have to "have the proficiency and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are independent, qualified, professional and square with the Federal Reserve's rules, contact Las Vegas Appraisal Service, Inc..

If you have questions regarding 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 pertinent for the transaction, the liability of the transaction, and whether the procedures by which the collateral valuation is collected guarantees independence and quality," according to the Federal Reserve. They "must also signify whether the appraisal or evaluation report is true to the engagement letter, which describes the extent of the appraisal assignment." Last, The Federal Reserve notes that "some institutions reinforce typical reviews with post-funding assessments of appraisal quality for a few of their high-risk or greater-value affairs as a method to assist in addressing valuation concerns."

In addition to conforming our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we'll formulate 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're skilled in every type of appraisal review, review process and the obligations of review appraisers.

Las Vegas Appraisal Service, Inc. is aware of what the most common imperfections are, specifically in our housing market. We also understand what makes a quality appraisal. The professionals at Las Vegas Appraisal Service, Inc. are also experienced enough to distinguish that the 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 trust us to fairly valuate appraisal reports done by others. And those others could be examining our work, too!

In short, at Las Vegas Appraisal Service, Inc., you can trust our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us for more information about our qualifications, expertise and services offered.