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For Immediate Release
March 24, 2014
PROVIDENCE, R.I. – Lincoln Appraisal & Settlement Services has released an innovative appraisal report that offers more credible results at a competitive price-point. The LASS-O is a real appraisal, as opposed to less reliable, alternative valuation products currently offered in the lending and portfolio valuation arena.
Lincoln Appraisal & Settlement Services’ appraisal valuation opinion report (LASS-O) is web-based and is completed by a licensed/certified appraiser. It was developed over two years to meet a critical need for an appraisal report – at a competitive price point. LASS-O can be used for home equity lines of credit (HELOCs), portfolio valuations, loan acquisitions, due diligence purposes and non-government sponsored enterprise (GSE) valuations. The LASS-O is a real appraisal thereby reducing risk for financial institutions compared to the use AVM’s and BPO’s.
Lincoln Appraisal, which is a national appraisal management company, is confident that financial institutions using LASS-O will have more accurate property valuations. LASS-O was designed to assist an appraiser to meet the Uniform Standards of Professional Appraisal Practice (USPAP).
In addition, the LASS-O form is easy to navigate allowing the appraiser to be more efficient, and Lincoln Appraisal’s interactive web site allows lenders and clients to easily order and track the progress of all LASS-O orders.
George K. Demopulos, MRICS, RA, SRA, president and chief valuations officer of Lincoln Appraisal & Settlement Services, said: “We’ve dedicated a significant amount of time to perfecting this report, knowing we will have a chance to have a strong impact on the industry. We truly believe that the LASS-O will revolutionize the way appraisals are completed, and will help to reduce the risk to lenders at the same time.”
About Lincoln Appraisal
Founded in 1998, Lincoln Appraisal & Settlement Services, headquartered in Providence, R.I., is a national appraisal management (AMC) and settlement services company. Lincoln Appraisal provides a full suite of residential, commercial and specialized appraisal services to the real estate industry throughout the United States and Puerto Rico. Additional information can be obtained by visiting www.Lincolnappraisal.com.