DANIEL I KANDEL Appraisal Reviews
As said in an announcement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation procedures," and that appraisers fulfilling reviews have to "have the familiarity and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." DANIEL I KANDEL provides appraisal review services that are independent, efficient, professional and in accordance with the Federal Reserve's guidelines.
If you're in the need of a real estate appraisal review or have questions regarding an appraisal, call DANIEL I KANDEL today.
According to the Federal Reserve, appraisal reviews "should verify whether the appraisal or evaluation is fitting for the transaction, the risk of the transaction, and whether the methods by which the collateral valuation is accomplished ensures independence and quality." In addition, they "should denote whether the appraisal or evaluation report is true to the engagement letter, which describes the extent of the appraisal assignment." Lastly, the Federal Reserve says that "some financial institutions augment routine reviews with post-funding assessments of appraisal quality for a number of their higher-liability or large-value affairs as a means to help in exposing valuation complications."
In addition to conforming our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are usually 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 skilled in every kind of appraisal review, review procedure and the responsibilities of review appraisers.
DANIEL I KANDEL realizes what constitutes a quality appraisal and what the most frequent imperfections are, specifically in our real estate market. In the same sense, we are skilled enough to acknowledge that our competition in our market are skillful in doing a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust us to lawfully assess appraisal reports done by others. And those others may be evaluating our work, too!
For professional, fair, ethical appraisal review services and truthful judgments, you can count on DANIEL I KANDEL. Contact us to learn more about our qualifications, expertise and service offerings.