Qualified Appraisal Reviews with DANIEL I KANDEL
As said in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation plan," and that appraisers fulfilling reviews must "have the knowledge and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." DANIEL I KANDEL provides appraisal review services that are unbiased, qualified, professional and compliant with the Federal Reserve's rules.
If you have questions in reference to 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 "must determine whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the processes by which the collateral valuation is obtained ensures independence and quality." Moreover, they "must announce whether the appraisal or evaluation report is compatible with the letter of engagement, which gives an account of the scope of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions supplement regular reviews with post-funding evaluations of appraisal quality for a number of their higher-risk or larger-value dealings as a way to help in detecting valuation issues."
In addition to tailoring our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we can develop 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 types of appraisal reviews, review procedures and the obligations of review appraisers.
We are aware of what amounts to a quality appraisal and what the biggest deficiencies are, specifically in our home market. We're also adequately experienced to respect that our competition in our market are capable of doing a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on DANIEL I KANDEL to justly examine appraisal reports done by others. And those others may be examining our work, too!
For professional, impartial, ethical appraisal review services and independent judgments, you can count on DANIEL I KANDEL. Contact us for more information regarding our qualifications, expertise and service offerings.