Experienced Appraisal Reviews with DANIEL I KANDEL
As stated in an announcement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation program," and that appraisers doing reviews ought to "have the ability and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are impartial, qualified, professional and in line with the Federal Reserve's guidelines, look no further than DANIEL I KANDEL.
If you need a real estate appraisal review or have questions in reference to an appraisal, contact us today.
The Federal Reserve says appraisal reviews "should find out whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the method by which the collateral valuation is obtained ensures independence and quality." Moreover, they "must signify whether the appraisal or evaluation report is consistent with the letter of engagement, which gives an account of the range of the appraisal assignment." The Federal Reserve also states that "some institutions add routine reviews with post-funding assessments of appraisal quality for a few of their higher-risk or greater-value contracts as a means to assist in exposing valuation issues."
In addition to coordinating our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we can formulate an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At DANIEL I KANDEL, we're trained in all forms of appraisal reviews, review processes and the requirements of review appraisers.
We are familiar with what the biggest inadequacies are, particularly in our home market, as well as what constitutes a quality appraisal. In the same sense, we are adequately skilled to know that the competition in our market are capable of good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on DANIEL I KANDEL to ethically valuate appraisal reports completed by others. And those others may be studying our work, too!
In short, here at DANIEL I KANDEL, you can rely on our truthful judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact DANIEL I KANDEL for more information about our qualifications, expertise and service offerings.