Appraisal Reviews by Meador Group, Inc
As said in a statement by the Federal Reserve, "financial institutions are required to have effective, independent real estate appraisal and evaluation programs," and that appraisers doing reviews should "have the knowledge and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." Meador Group, Inc provides appraisal review services that are objective, qualified, professional and in accordance with the Federal Reserve's rules.
If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, call Meador Group, Inc today.
According to the Federal Reserve, appraisal reviews "ought to determine whether the appraisal or evaluation is fitting for the transaction, the liability of the transaction, and whether the methods by which the collateral valuation is acquired ensures independence and quality." They "must also show whether the appraisal or evaluation report is even with the letter of engagement, which describes the range of the appraisal assignment." Last, The Federal Reserve says that "some institutions add typical reviews with post-funding surveys of appraisal quality for some of their high-risk or high-value dealings as a channel to assist in discovering valuation dilemmas."
In addition to adjusting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we will 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 Meador Group, Inc, we are qualified in every type of appraisal review, review practice and the obligations of review appraisers.
Meador Group, Inc understands what the biggest weaknesses are, especially in our housing market, as well as what makes a quality appraisal. In the same sense, we are sufficiently skilled to identify that the competition in our market are able to do a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on us to ethically study appraisal reports carried out by others. And those others might be studying our work, too!
You can depend on Meador Group, Inc for our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact Meador Group, Inc for more information about our qualifications, expertise and services offered.