Expert Appraisal Reviews with DANIEL I KANDEL
As said in a statement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation program," and that appraisers completing reviews should "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 impartial, efficient, professional and compliant with the Federal Reserve's guidelines.
If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, contact DANIEL I KANDEL today.
Appraisal reviews "must determine whether the appraisal or evaluation is fitting for the transaction, the liability of the transaction, and whether the processes by which the collateral valuation is obtained ensures independence and quality," the Federal Reserve says. They "must also show whether the appraisal or evaluation report is compatible with the engagement letter, which describes the extent of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions supplement routine reviews with post-funding assessments of appraisal quality for any of their high-liability or large-value transactions as a method to help in exposing valuation complications."
In addition to conforming our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we'll produce 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're skilled in all forms of appraisal reviews, review practices and the responsibilities of review appraisers.
We're aware of what the biggest imperfections are, particularly in our housing market, as well as what amounts to a quality appraisal. In the same regard, we are experienced enough to recognize that our competition in our market are capable of doing quality work. 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 objectively look over appraisal reports executed by others. And those others could be reviewing our work, too!
At DANIEL I KANDEL, you can have confidence in our truthful judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and service offerings.