Appraisal Reviews with DANIEL I KANDEL
According to a statement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation programs," and that appraisers completing reviews must "have the proficiency and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are unbiased, expert, professional and in line with the Federal Reserve's rules, contact DANIEL I KANDEL.
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, call DANIEL I KANDEL today.
Appraisal reviews "have to find out whether the appraisal or evaluation is relevant for the transaction, the risk of the transaction, and whether the practices by which the collateral valuation is attained guarantees independence and quality," as stated by the Federal Reserve. They "must also denote whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the outlook of the appraisal assignment." The Federal Reserve also states that "some banks reinforce regular reviews with post-funding assessments of appraisal quality for a number of their higher-liability or large-value affairs as a way to aid in exposing valuation disputes."
In addition to adjusting our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we can 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 trained in every kind of appraisal review, review procedure and the responsibilities of review appraisers.
DANIEL I KANDEL realizes what the greatest deficiencies are, especially in our housing market. We also understand what represents a quality appraisal. The professionals at DANIEL I KANDEL are also experienced enough to distinguish that our competitors in our market are able to do a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on DANIEL I KANDEL to ethically evaluate appraisal reports performed by others. And those others might be studying our work, too!
Here at DANIEL I KANDEL, you can be sure of our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact DANIEL I KANDEL for more information about our qualifications, expertise and services offered.