Experienced Appraisal Reviews by DANIEL I KANDEL

As said in a statement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation procedures," and that appraisers completing reviews should "have the knowledge and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." DANIEL I KANDEL provides appraisal review services that are independent, efficient, professional and compliant with the Federal Reserve's guidelines.

The Federal Reserve says appraisal reviews "ought to find out whether the appraisal or evaluation is fitting for the transaction, the risk of the transaction, and whether the method by which the collateral valuation is accomplished ensures independence and quality." In addition, they "should demonstrate whether the appraisal or evaluation report is consistent with the engagement letter, which gives an account of the range of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions augment periodic reviews with post-funding assessments of appraisal quality for a few of their higher-liability or larger-value transactions as a channel to assist in detecting valuation complications."

In addition to coordinating our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we will 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. At DANIEL I KANDEL, we're qualified in every type of appraisal review, review practice and the requirements of review appraisers.