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Quality Appraisal Reviews by DANIEL I KANDEL

According to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation program," and that appraisers fulfilling reviews must "have the proficiency and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." At DANIEL I KANDEL, we provide appraisal review services that are impartial, expert, professional and compliant with the Federal Reserve's rules.

If you're in the need of a real estate appraisal review or have questions regarding an appraisal, contact us today.

Appraisal reviews "ought to decide whether the appraisal or evaluation is well-suited for the transaction, the liability of the transaction, and whether the procedures by which the collateral valuation is obtained ensures independence and quality," as stated by the Federal Reserve. They "should also denote whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the capacity of the appraisal assignment." Last, The Federal Reserve says that "some banks add regular reviews with post-funding assessments of appraisal quality for a few of their high-risk or higher-value transactions as a control to aid in discovering valuation dilemmas."

In addition to adapting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are widely 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 experienced in every form of appraisal review, review procedure and the responsibilities of review appraisers.

DANIEL I KANDEL understands what the biggest imperfections are, particularly in our real estate market, as well as what constitutes a quality appraisal. Concurrently, we're adequately trained to realize that the competition in our market are capable of a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on DANIEL I KANDEL to objectively evaluate appraisal reports carried out by others. And those others could be reviewing our work, too!

When you choose DANIEL I KANDEL, you can count on our neutral judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact DANIEL I KANDEL to learn more about our qualifications, expertise and services offered.