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Quality Appraisal Reviews by DANIEL I KANDEL

According to a statement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation plans," and that appraisers performing reviews ought to "have the ability and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." DANIEL I KANDEL provides appraisal review services that are objective, efficient, professional and compliant with the Federal Reserve's rules.

If you need a real estate appraisal review or have questions in reference to an appraisal, call us today.

Appraisal reviews "have to conclude whether the appraisal or evaluation is relevant for the transaction, the risk of the transaction, and whether the procedures by which the collateral valuation is accomplished guarantees independence and quality," as stated by the Federal Reserve. In addition, they "should announce whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the extent of the appraisal assignment." Last, The Federal Reserve states that "some banks add periodic reviews with post-funding evaluations of appraisal quality for a number of their high-liability or large-value transactions as a control to help in identifying valuation dilemmas."

In addition to tailoring our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we'll prepare 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're experienced in all types of appraisal reviews, review practices and the obligations of review appraisers.

We are aware of what makes a quality appraisal and what the most common weaknesses are, especially in our real estate market. We're also sufficiently experienced to know that our competition in our market are qualified to do a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust DANIEL I KANDEL to objectively review appraisal reports completed by others. And those others may be reviewing our work, too!

In short, at DANIEL I KANDEL, you can count on our independent judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact us for more information regarding our qualifications, expertise and service offerings.