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Regulatory Compliance

Regulatory Compliance
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New West Consulting’s core business is comprised of providing valuation services for commercial banks, savings banks, and credit unions. These financial institutions operate within a stringent regulatory environment that includes regular scrutiny by oversight agencies.

Thus, for us, ensuring regulatory compliance is the building cornerstone for achieving client satisfaction. Other actions undertaken to win client approval, such quick turn-times, competitive fees, or accepting assignments located in remote markets, would not be effective if our appraisal reports fell short in the area of regulatory compliance.

Our lender-friendly appraisal formats have been designed from the “ground-up” to help ensure full compliance with the Uniform Standards of Professional Appraisal Practice (USPAP) and Federal banking regulations (FIRREA); including all applicable OCC/FDIC/OTS/NCUA regulations (Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, Office of Thrift Supervision, and the National Credit Union Administration).

All of our appraisal reports also conform to the Appraisal Institute’s Code of Professional Ethics and Standards of Professional Appraisal Practice.

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