Experienced Appraisal Reviews by DANIEL I KANDEL
As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, objective real estate appraisal and evaluation plan," and that appraisers completing reviews must "have the familiarity and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are objective, expert, professional and compliant with the Federal Reserve's rules, just contact DANIEL I KANDEL.
If you're in the need of a real estate appraisal review or have questions regarding an appraisal, contact us today.
The Federal Reserve says appraisal reviews "should find out whether the appraisal or evaluation is suitable for the transaction, the danger of the transaction, and whether the manners by which the collateral valuation is collected ensures independence and quality." Moreover, they "should announce whether the appraisal or evaluation report matches the letter of engagement, which sets forth the extent of the appraisal assignment." The Federal Reserve also states that "some financial institutions augment typical reviews with post-funding evaluations of appraisal quality for some of their higher-liability or greater-value dealings as a channel to aid in revealing valuation dilemmas."
In addition to tailoring our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we will produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At DANIEL I KANDEL, we are qualified in all kinds of appraisal reviews, review practices and the obligations of review appraisers.
We are familiar with what the most frequent defects are, specifically in our home market, as well as what makes a quality appraisal. Concurrently, we're adequately trained to identify that the competition in our market are able to do a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust DANIEL I KANDEL to justly study appraisal reports executed by others. And those others might be examining our work, too!
At DANIEL I KANDEL, you can have confidence in our truthful judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact DANIEL I KANDEL for more information regarding our qualifications, expertise and service offerings.