At Lincoln Appraisal & Settlement Services we offer Nationwide Coverage in all corners of every state, we are fully FHA & HVCC Compliant, and we offer one stop service - we can manage Appraisal, Title, and Closing needs. Furthermore, we provide an outstanding level of Quality and Service proven by our commitment to providing you the following:
- Industry-Leading Quality Control Management Process delivered by our Corporate Appraisal Internal Review Teams (CAIRT) who are all licensed and certified appraisers with an average of 15+ years of experience and who provide an Administrative and Technical Review on EVERY appraisal conducted on your behalf.
- A Dedicated Client Service Team which means you always receive highly personalized service and can remain certain we work as efficiently as possible for you every single day.
- The OpenBOX LASS Technology Solution which is a complete end-to-end technology solution that is 100% secure, stable, and easy to use. It provides 24/7 real time access, easy order entry, comprehensive analytics including tracking and reporting tools, powerful customization features, and easy integration with other applications.
We offer comprehensive and high-quality Real Estate Valuation, Appraisal Management, and Settlement Services for all FHA Residential Property:
FHA Appraisal Report
This report is completed on the URAR, FNMA form 1004, and provides the benefit of a full interior and exterior inspection of the subject property. This report is in compliance with the Uniform Standard of Professional Appraisal Practice (USPAP), any client specific guidelines and Lincoln Appraisal Settlement Services Corporate Internal Appraisal Review Teams (CAIRT) industry leading Quality Management Process. Each FHA appraisal report must include a unique FHA case number in the upper right hand corner of each page that is assigned by the lender and obtained through the FHA Connection website.
The FHA product includes the following attachments:
- A completed URAR form.
- Subject property photos including front, rear, street scene and any amenities substantially affecting health and safety, marketability and/or value, comparable sales photographs.
- Flood map, (if property is located in a flood prone area).
- Location map showing accurate locations of the subject and all sales utilized in the report.
- Appropriate certifications and limiting conditions.
- A floor plan sketch with exterior dimensions and gross living area calculations, if requested.
Additionally, the FHA mandates that the appraiser pay specific attention to certain property conditions that they feel are potentially hazardous to the health and/or safety of the occupants. Within the body of the report, or in the narrative addendum, the appraiser will describe any readily observable property condition that can be construed as a health/safety hazard, per FHA's guidelines. If the property is found to have potential health and safety issues, an FHA report may be completed "subject to" correction of the issue (if it's an obvious hazard), or "as is" with a complete description of the noted issue, leaving it up to the lender's (DE Underwriter) discretion to determine if further action is required.
