Qualified Appraisal Reviews with DANIEL I KANDEL
As said in an announcement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation program," and that appraisers performing reviews must "have the ability and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are unbiased, qualified, professional and square with the Federal Reserve's rules, just contact DANIEL I KANDEL.
If you need a real estate appraisal review or have questions regarding an appraisal, contact us today.
According to the Federal Reserve, appraisal reviews "must decide whether the appraisal or evaluation is fitting for the transaction, the liability of the transaction, and whether the manner by which the collateral valuation is acquired ensures independence and quality." In addition, they "must signify whether the appraisal or evaluation report is consistent with the engagement letter, which describes the range of the appraisal assignment." Last, The Federal Reserve states that "some institutions augment typical reviews with post-funding evaluations of appraisal quality for a few of their high-liability or larger-value contracts as a means to help in discovering valuation concerns."
In addition to conforming our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we can produce 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're experienced in all kinds of appraisal reviews, review processes and the responsibilities of review appraisers.
We know what the biggest weaknesses are, specifically in our real estate market. We also understand what represents a quality appraisal. In this regard, we're skilled enough to acknowledge 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 us to objectively evaluate appraisal reports executed by others. And those others might be evaluating our work, too!
For professional, fair, ethical appraisal review services and truthful judgments, you can rely on DANIEL I KANDEL. Contact us for more information about our qualifications, expertise and service offerings.