Quality Appraisal Reviews with Meador Group, Inc

As said in a statement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation program," and that appraisers doing reviews have to "have the knowledge and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." Meador Group, Inc provides appraisal review services that are objective, qualified, professional and square with the Federal Reserve's guidelines.

If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, contact Meador Group, Inc today.

Appraisal reviews "have to determine whether the appraisal or evaluation is well-suited for the transaction, the risk of the transaction, and whether the procedures by which the collateral valuation is obtained guarantees independence and quality," according to the Federal Reserve. In addition, they "should show whether the appraisal or evaluation report is even with the letter of engagement, which describes the outlook of the appraisal assignment." Lastly, the Federal Reserve notes that "some institutions reinforce routine reviews with post-funding assessments of appraisal quality for some of their high-liability or larger-value dealings as a control to assist in identifying valuation dilemmas."

In addition to adapting our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we'll formulate 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're trained in all types of appraisal reviews, review procedures and the obligations of review appraisers.

We realize what the most frequent inadequacies are, especially in our home market. We also understand what constitutes a quality appraisal. The professionals at Meador Group, Inc are also skilled enough to admit that our competition in our market are capable of doing quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on us to justly study appraisal reports performed by others. And those others might be reviewing our work, too!

In short, at Meador Group, Inc, you can rely on our truthful judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact Meador Group, Inc for more information about our qualifications, expertise and service offerings.