DANIEL I KANDEL Appraisal Reviews
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 completing reviews should "have the knowledge and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." At DANIEL I KANDEL, we provide appraisal review services that are unbiased, qualified, professional and in line with the Federal Reserve's regulations.
If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, call DANIEL I KANDEL today.
As stated by the Federal Reserve, appraisal reviews "have to decide whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the procedure by which the collateral valuation is attained guarantees independence and quality." Moreover, they "should signify whether the appraisal or evaluation report is consistent with the engagement letter, which describes the outlook of the appraisal assignment." Last, The Federal Reserve says that "some banks reinforce routine reviews with post-funding assessments of appraisal quality for a number of their higher-liability or high-value dealings as a control to assist in discovering valuation disputes."
In addition to adapting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we'll develop 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 skilled in every kind of appraisal review, review procedure and the responsibilities of review appraisers.
DANIEL I KANDEL understands what the most common weaknesses are, specifically in our real estate market, as well as what amounts to a quality appraisal. Concurrently, we are professional enough to respect that our competition in our market are skillful in doing quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust DANIEL I KANDEL to fairly valuate appraisal reports carried out by others. And those others may be studying our work, too!
At DANIEL I KANDEL, you can trust our neutral judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact us for more information regarding our qualifications, expertise and services offered.