Experienced Appraisal Reviews with DANIEL I KANDEL
As said in an announcement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation procedures," and that appraisers doing reviews must "have the ability and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." At DANIEL I KANDEL, we provide appraisal review services that are unbiased, qualified, professional and in accordance with the Federal Reserve's rules.
If you need a real estate appraisal review or have questions about an appraisal, call DANIEL I KANDEL today.
Appraisal reviews "must decide whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the methods by which the collateral valuation is obtained guarantees independence and quality," as stated by the Federal Reserve. They "must also signify whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the capacity of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions add regular reviews with post-funding evaluations of appraisal quality for a few of their high-liability or greater-value affairs as a method to assist in identifying valuation complications."
In addition to coordinating our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we'll formulate 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 qualified in all forms of appraisal reviews, review processes and the obligations of review appraisers.
DANIEL I KANDEL realizes what the most prevalent weaknesses are, especially in our real estate market, as well as what makes a quality appraisal. In the same sense, the professionals at DANIEL I KANDEL are sufficiently experienced to respect that our competition in our market are capable of a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on us to lawfully examine appraisal reports executed by others. And those others may be reviewing our work, too!
You can count on DANIEL I KANDEL for our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact DANIEL I KANDEL regarding our qualifications, expertise and services offered.