Experienced Appraisal Reviews by DANIEL I KANDEL
According to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation program," and that appraisers performing reviews have to "have the familiarity and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are unbiased, qualified, professional and in accordance 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.
Appraisal reviews "must figure out whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the actions by which the collateral valuation is acquired guarantees independence and quality," as stated by the Federal Reserve. Moreover, they "should announce whether the appraisal or evaluation report is compatible with the letter of engagement, which describes the scope of the appraisal assignment." Lastly, the Federal Reserve notes that "some banks add regular reviews with post-funding surveys of appraisal quality for a few of their higher-liability or larger-value dealings as a way to assist in exposing valuation disputes."
In addition to coordinating our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we'll prepare 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're trained in every type of appraisal review, review process and the responsibilities of review appraisers.
DANIEL I KANDEL realizes what the most frequent imperfections are, specifically in our home market, as well as what represents a quality appraisal. The professionals at DANIEL I KANDEL are also experienced enough to acknowledge that the competition in our market are capable of quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on us to fairly review appraisal reports done by others. And those others may be evaluating our work, too!
You can count on DANIEL I KANDEL for our independent judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact DANIEL I KANDEL for more information regarding our qualifications, expertise and service offerings.