Appraisal Reviews with DANIEL I KANDEL
As said in a statement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation procedures," and that appraisers fulfilling reviews should "have the knowledge and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are objective, expert, professional and in accordance with the Federal Reserve's rules, just contact DANIEL I KANDEL.
If you need a real estate appraisal review or have questions regarding an appraisal, contact us today.
The Federal Reserve says appraisal reviews "have to decide whether the appraisal or evaluation is fitting for the transaction, the risk of the transaction, and whether the manner by which the collateral valuation is obtained ensures independence and quality." Moreover, they "must demonstrate whether the appraisal or evaluation report is compatible with the letter of engagement, which sets forth the range of the appraisal assignment." Last, The Federal Reserve states that "some institutions reinforce periodic reviews with post-funding evaluations of appraisal quality for some of their high-risk or large-value affairs as a way to help in detecting valuation dilemmas."
In addition to adjusting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we'll develop 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 all kinds of appraisal reviews, review procedures and the obligations of review appraisers.
We are familiar with what makes a quality appraisal and what the biggest inadequacies are, particularly in our real estate market. The professionals at DANIEL I KANDEL are also experienced enough to distinguish that our competitors in our market are skillful in doing good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust us to fairly valuate appraisal reports carried out by others. And those others may be evaluating our work, too!
In short, at DANIEL I KANDEL, you can count on our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact DANIEL I KANDEL regarding our qualifications, expertise and service offerings.