Qualified Appraisal Reviews by DANIEL I KANDEL
According to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation program," and that appraisers doing reviews have to "have the knowledge and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Here at DANIEL I KANDEL, we provide appraisal review services that are unbiased, efficient, professional and compliant with the Federal Reserve's guidelines.
If you have questions about an appraisal, or if you need a real estate appraisal review, call DANIEL I KANDEL today.
The Federal Reserve says appraisal reviews "have to determine whether the appraisal or evaluation is applicable for the transaction, the risk of the transaction, and whether the practices by which the collateral valuation is accomplished guarantees independence and quality." They "should also announce whether the appraisal or evaluation report is consistent with the letter of engagement, which gives an account of the capacity of the appraisal assignment." Last, The Federal Reserve says that "some institutions supplement typical reviews with post-funding assessments of appraisal quality for a few of their high-risk or larger-value contracts as a channel to help in uncovering valuation disputes."
In addition to tailoring our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we'll formulate an appraisal review on any 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 all types of appraisal reviews, review practices and the responsibilities of review appraisers.
We are aware of what the most frequent inadequacies are, especially in our housing market, as well as what constitutes a quality appraisal. In the same regard, we're sufficiently experienced to admit that the competitors in our market are skillful in doing quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on us to ethically examine appraisal reports done by others. And those others might be evaluating 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 customers. Contact DANIEL I KANDEL for more information regarding our qualifications, expertise and services offered.