Appraisal Reviews with DANIEL I KANDEL
As said in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation program," and that appraisers doing reviews ought to "have the knowledge and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." At DANIEL I KANDEL, we provide appraisal review services that are impartial, qualified, professional and in line with the Federal Reserve's rules.
If you're in the need of a real estate appraisal review or have questions regarding an appraisal, contact DANIEL I KANDEL today.
Appraisal reviews "must decide whether the appraisal or evaluation is relevant for the transaction, the risk of the transaction, and whether the actions by which the collateral valuation is obtained ensures independence and quality," according to the Federal Reserve. They "must also signify whether the appraisal or evaluation report matches the engagement letter, which sets forth the scope of the appraisal assignment." The Federal Reserve also notes that "some banks augment typical reviews with post-funding evaluations of appraisal quality for a few of their higher-risk or larger-value dealings as a method to aid in addressing valuation concerns."
In addition to adjusting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we can produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at DANIEL I KANDEL, we are trained in every type of appraisal review, review practice and the requirements of review appraisers.
We are familiar with what the most prevalent deficiencies are, specifically in our real estate market. We also know what amounts to a quality appraisal. The professionals at DANIEL I KANDEL are also sufficiently skilled to realize that our competition in our market are capable of a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on us to objectively evaluate appraisal reports performed by others. And those others could be reviewing our work, too!
In short, here at DANIEL I KANDEL, you can count on our truthful judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact DANIEL I KANDEL for more information about our qualifications, expertise and service offerings.