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 Residential Property, including the following:
Single-Family Residential Appraisal (1004)
This appraisal is completed on the URAR form 1004 and provides the benefit of a full interior and exterior inspection of the subject property. The completed Appraisal Report will be 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.
The Single-Family Residential Appraisal product includes the following attachments:
- A completed URAR form.
- Subject property photos including front, rear, street scene and any amenities substantially affecting marketability and/or value.
- Comparable sales photographs.
- A floor plan sketch with exterior dimensions and gross living area calculations.
- Location map showing accurate locations of the subject and all sales utilized in the report and appropriate certifications and limiting conditions.
- If requested, a Flood map if property is located in a flood prone area.
Single-Family Residential Appraisal, Non-Owner Occupied (1004)
This appraisal is similar in all respects to the standard Single Family Residential Appraisal with the following additions, if requested: A completed Single Family Rent Schedule (form 1007) and an Operating Income Statement (form 216).
Manufactured Homes (1004C)
This Appraisal is completed on the 1004C form and is for Appraisals of manufactured homes; any dwelling unit built on a permanent chassis and attached to permanent foundation. The Form 1004C will help to ensure that the appraiser inspected, considered, and/or reported (as applicable) the appropriate information including, but not limited to:
- Manufacturer's name.
- Trade or model name.
- Year of manufacture.
- Serial number.
- Certification label number(s) from either the HUD date plate or certification label(s).
- Type of foundation and utility connections.
- Detailed and supported cost approach.
- Opinion of the market value of the site and the property's conformity to the neighborhood.
Two-to-Four Unit Residential Appraisal (1025)
This Appraisal of two-to-four unit residential properties is completed utilizing the Small Residential Income Property Appraisal Report. This report provides analysis of competitive listings, cost approach, an analysis of competitive rents, and a sales comparison analysis. Included in the attachments is a completed operating income statement. Other attachments in a two-to-four unit appraisal are:
- Subject property photographs including a front, rear and street scene.
- Photographs of the comparable rentals and comparable sales.
- Location map detailing the locations of the subject and all rentals, listings and sales utilized in the report.
- A floor-plan sketch with exterior dimensions.
- Gross living area calculations for each unit and appropriate certifications and limiting conditions.
Condominium Appraisal (1073)
This Appraisal is completed on the Individual Condominium Unit Appraisal Report and comply with USPAP, any client specific guidelines and Lincoln Appraisal Settlement Services Corporate Internal Appraisal Review Teams (CAIRT) industry leading Quality Management Process. Effective January 1, 2006, condominium appraisals completed for FHA loans will also be reported on Form 1073. A full interior and exterior inspection of the subject unit is made and a concise analysis of the project and market are provided. Attachments comparable to those included with the single-family residential report are also included in the condominium report. Non-owner-occupied unit appraisals include a completed rent schedule and operating income statement, if requested.
Cooperative Interest Appraisal (2090)
This Appraisal is completed on the Individual Cooperative Interest Appraisal Report. A complete interior and exterior inspection of the subject unit and the project is made and a concise analysis of the project is reported. The form also includes the number of shares attributable to the subject unit, monthly maintenance fees, total number of shares outstanding for the project and blanket financing information. Underlying mortgage information is also a required reporting component and includes: outstanding balance, monthly payment, rate, type of mortgage, mortgage due date and tax information.
A complete Cooperative Appraisal includes the following attachments:
- Sketch showing interior unit dimensions and gross living area calculations.
- Interior subject photographs.
- Exterior subject photographs and project amenities.
- Photographs of the exterior of each comparable sale.
- A map detailing the location of the subject.
- All comparable sales are considered in the report.
- Appropriate certifications and limiting conditions.
