Experienced Appraisal Reviews by DANIEL I KANDEL
As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation plans," and that appraisers fulfilling reviews have to "have the knowledge and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." Here at DANIEL I KANDEL, we provide appraisal review services that are independent, efficient, professional and square with the Federal Reserve's regulations.
If you have questions regarding an appraisal, or if you need a real estate appraisal review, call DANIEL I KANDEL today.
The Federal Reserve says appraisal reviews "ought to decide whether the appraisal or evaluation is well-suited for the transaction, the risk of the transaction, and whether the means by which the collateral valuation is accomplished ensures independence and quality." They "must also show whether the appraisal or evaluation report is even with the engagement letter, which sets forth the range of the appraisal assignment." Lastly, the Federal Reserve says that "some financial institutions reinforce regular reviews with post-funding assessments of appraisal quality for any of their higher-risk or larger-value affairs as a channel to assist in uncovering valuation problems."
In addition to adjusting 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'll 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 form of appraisal review, review practice and the requirements of review appraisers.
We understand what the biggest deficiencies are, particularly in our housing market, as well as what makes a quality appraisal. At the same time, we're experienced enough to realize that the competition in our market are capable of doing good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on DANIEL I KANDEL to justly valuate appraisal reports done by others. And those others may be studying our work, too!
In short, when you choose DANIEL I KANDEL, you can count on our neutral judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact DANIEL I KANDEL for more information regarding our qualifications, expertise and service offerings.