Appraisal Reviews with DANIEL I KANDEL
As said in an announcement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation program," and that appraisers completing reviews must "have the familiarity and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." DANIEL I KANDEL provides appraisal review services that are impartial, efficient, professional and square with the Federal Reserve's guidelines.
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact us today.
Appraisal reviews "should conclude whether the appraisal or evaluation is fitting for the transaction, the risk of the transaction, and whether the manner by which the collateral valuation is collected ensures independence and quality," according to the Federal Reserve. They "should also show whether the appraisal or evaluation report is true to the engagement letter, which sets forth the outlook of the appraisal assignment." Last, The Federal Reserve says that "some banks add routine reviews with post-funding assessments of appraisal quality for any of their high-liability or high-value contracts as a way to help in discovering valuation dilemmas."
In addition to adjusting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we will 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. Here at DANIEL I KANDEL, we are experienced in all types of appraisal reviews, review processes and the obligations of review appraisers.
DANIEL I KANDEL realizes what the greatest defects are, specifically in our real estate market. We also know what makes a quality appraisal. The professionals at DANIEL I KANDEL are also adequately skilled to acknowledge that our competition in our market are capable of good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on us to lawfully valuate appraisal reports done by others. And those others could be studying our work, too!
You can count on DANIEL I KANDEL for our neutral judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact DANIEL I KANDEL for more information about our qualifications, expertise and services offered.