Quality Appraisal Reviews by DANIEL I KANDEL
According to a statement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation plans," and that appraisers doing reviews have to "have the familiarity and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are independent, qualified, professional and square with the Federal Reserve's rules, just contact DANIEL I KANDEL.
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, call us today.
Appraisal reviews "must decide whether the appraisal or evaluation is suitable for the transaction, the danger of the transaction, and whether the means by which the collateral valuation is collected ensures independence and quality," according to the Federal Reserve. They "must also indicate whether the appraisal or evaluation report is compatible with the letter of engagement, which describes the outlook of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions augment routine reviews with post-funding surveys of appraisal quality for some of their high-risk or higher-value affairs as a method to assist in discovering valuation concerns."
In addition to adjusting our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we'll 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're qualified in every form of appraisal review, review process and the obligations of review appraisers.
We know what the biggest inadequacies are, specifically in our real estate market. We also understand what amounts to a quality appraisal. We're also trained enough to admit that the competition in our market are qualified to do a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust DANIEL I KANDEL to justly evaluate appraisal reports performed by others. And those others could be reviewing our work, too!
Here at DANIEL I KANDEL, you can trust our independent judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact DANIEL I KANDEL for more information regarding our qualifications, expertise and service offerings.