Qualified 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 plans," and that appraisers doing reviews are obligated to "have the proficiency and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." DANIEL I KANDEL provides appraisal review services that are impartial, qualified, professional and in line 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, contact DANIEL I KANDEL today.
Appraisal reviews "have to decide 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 guarantees independence and quality," the Federal Reserve says. They "must also signify whether the appraisal or evaluation report is true to the letter of engagement, which describes the scope of the appraisal assignment." The Federal Reserve also states that "some financial institutions reinforce regular reviews with post-funding assessments of appraisal quality for a few of their high-liability or larger-value affairs as a channel to help in detecting valuation disputes."
In addition to adapting our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we can 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 are qualified in every type of appraisal review, review process and the responsibilities of review appraisers.
DANIEL I KANDEL is aware of what the most common weaknesses are, specifically in our housing market. We also know what constitutes a quality appraisal. We're also sufficiently experienced to respect that the competition in our market are qualified to do a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on DANIEL I KANDEL to objectively study appraisal reports performed by others. And those others could be evaluating our work, too!
In short, at DANIEL I KANDEL, you can be sure of our honest judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact DANIEL I KANDEL regarding our qualifications, expertise and services offered.