Lincoln Appraisal & Settlement Services Proclaims Full Compliance With the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010

PROVIDENCE, R.I., Jan. 12, 2011 /PRNewswire/ -- National appraisal management company Lincoln Appraisal & Settlement Services proves their consistent dedication to the integrity of the appraisal industry by promising full compliance with the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 as of April 1, 2011, as it relates to the new Appraiser Independence Requirements.

The Dodd-Frank Wall Act is a U.S. federal statute passed in response to the recent economic recession. With new appraisal management rules and firmer penalties for lenders, the new law states that violations are subject to penalties of up to $20,000 per day. Lincoln Appraisal & Settlement Services' adherence to the new law as of April 1, 2011 re-confirms their commitment to excelling in the industry.

Because they consistently invest in people, technology, and infrastructure, Lincoln Appraisal & Settlement Services is able to provide clients with a variety of invaluable Appraisal Management and Title and Closing services nationwide. Lincoln Appraisal & Settlement Services offers one of the most educated and experienced Nationwide Corporate Appraisal Networks (NCAN) in the industry, quality Corporate Appraisal Internal Review Teams (CAIRT) with an average of 15+ years of experience each, dedicated Client Service Teams, as well as one of the most dedicated closing departments in the business. The Lincoln Premier Title & Closing Service Division at Lincoln Appraisal & Settlement Services is on-call 24 hours a day, 7 days a week; providing clients with secure access to real-time status updates.

President and Chief Corporate Appraiser at Lincoln Appraisal & Settlement Services, George Demopulos, RA, SRA, said, "Lincoln Appraisal & Settlement Services is happy to adhere to the Dodd-Frank Act as it relates to Appraisal Independence Requirements in order to continue to be in compliance with the latest industry laws and regulations."

About Lincoln Appraisal

Lincoln Appraisal & Settlement Services, a national Appraisal Management & Settlement Services Company founded in 1998 is fully FHA, Fannie Mae & Freddie Mac compliant, and is a premier provider of a full suite of residential, commercial, and specialized appraisal, title, and closing services/products to the real estate industry. Their clients include some of the nation's largest lending institutions, mortgage brokers, investment banks, law firms, mortgage insurance, and mortgage servicing companies which include: Urban Financial Group, Sovereign Bank, Mortgage Guaranty Insurance Corporation (MGIC), Crescent Mortgage, Home State Bank, CCO Mortgage and RTN Federal Credit Union.

SOURCE Lincoln Appraisal & Settlement Services