Experienced Appraisal Reviews by DANIEL I KANDEL
As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, objective real estate appraisal and evaluation program," and that appraisers performing reviews are obligated to "have the proficiency and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are independent, expert, professional and square with the Federal Reserve's regulations, contact DANIEL I KANDEL.
If you need a real estate appraisal review or have questions in reference to an appraisal, contact us today.
The Federal Reserve says appraisal reviews "must verify whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the practices by which the collateral valuation is acquired ensures independence and quality." They "must also denote whether the appraisal or evaluation report is compatible with the letter of engagement, which gives an account of the range of the appraisal assignment." The Federal Reserve also notes that "some financial institutions supplement periodic reviews with post-funding evaluations of appraisal quality for a few of their higher-liability or larger-value contracts as a method to help in discovering valuation problems."
In addition to conforming our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are largely 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. At DANIEL I KANDEL, we are experienced in every kind of appraisal review, review process and the requirements of review appraisers.
We are aware of what the most frequent weaknesses are, specifically in our real estate market, as well as what makes a quality appraisal. Concurrently, we're experienced enough to identify that our competitors in our market are capable of quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on DANIEL I KANDEL to justly valuate appraisal reports carried out by others. And those others might be reviewing our work, too!
You can trust DANIEL I KANDEL for our truthful judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact DANIEL I KANDEL for more information regarding our qualifications, expertise and services offered.