profile picture

Expert Appraisal Reviews with DANIEL I KANDEL

As stated in an announcement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers completing reviews are obligated to "have the knowledge and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are unbiased, qualified, professional and in accordance with the Federal Reserve's guidelines, look no further than DANIEL I KANDEL.

If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, call DANIEL I KANDEL today.

Appraisal reviews "have to determine whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the process by which the collateral valuation is attained guarantees independence and quality," as stated by the Federal Reserve. They "must also indicate whether the appraisal or evaluation report matches the engagement letter, which sets forth the capacity of the appraisal assignment." Last, The Federal Reserve states that "some financial institutions add periodic reviews with post-funding surveys of appraisal quality for some of their higher-liability or larger-value affairs as a way to help in revealing valuation disputes."

In addition to tailoring our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we'll produce an appraisal review on any one 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 skilled in all types of appraisal reviews, review practices and the requirements of review appraisers.

DANIEL I KANDEL knows what represents a quality appraisal and what the greatest deficiencies are, especially in our housing market. The professionals at DANIEL I KANDEL are also experienced enough to respect that our competitors in our market are capable of quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on DANIEL I KANDEL to lawfully examine appraisal reports performed by others. And those others might be studying our work, too!

For professional, fair, ethical appraisal review services and neutral judgments, you can rely on DANIEL I KANDEL. Contact us regarding our qualifications, expertise and service offerings.