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 programs," and that appraisers completing reviews are obligated to "have the proficiency and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." DANIEL I KANDEL provides appraisal review services that are impartial, qualified, professional and in line with the Federal Reserve's guidelines.
If you're in the need of a real estate appraisal review or have questions about an appraisal, call us today.
Appraisal reviews "have to find out whether the appraisal or evaluation is relevant for the transaction, the liability of the transaction, and whether the manner by which the collateral valuation is attained ensures independence and quality," according to the Federal Reserve. They "must also announce whether the appraisal or evaluation report is true to the letter of engagement, which sets forth the range of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions add periodic reviews with post-funding evaluations of appraisal quality for some of their higher-risk or larger-value contracts as a control to help in identifying valuation concerns."
In addition to adjusting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we'll prepare an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At DANIEL I KANDEL, we're experienced in all kinds of appraisal reviews, review practices and the requirements of review appraisers.
We're aware of what makes a quality appraisal and what the most common defects are, particularly in our housing market. The professionals at DANIEL I KANDEL are also skilled enough to recognize that the competition in our market are qualified to do a great 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 justly evaluate appraisal reports done by others. And those others could be examining our work, too!
For professional, impartial, ethical appraisal review services and truthful judgments, you can count on DANIEL I KANDEL. Contact DANIEL I KANDEL for more information about our qualifications, expertise and service offerings.