Experienced Appraisal Reviews by Meador Group, Inc
As said in a statement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation plans," and that appraisers performing reviews have to "have the proficiency and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." Here at Meador Group, Inc, we provide appraisal review services that are unbiased, qualified, professional and in line with the Federal Reserve's rules.
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, contact us today.
Appraisal reviews "have to find out whether the appraisal or evaluation is applicable for the transaction, the liability of the transaction, and whether the actions by which the collateral valuation is collected ensures independence and quality," according to the Federal Reserve. Moreover, they "must signify whether the appraisal or evaluation report is compatible with the letter of engagement, which sets forth the extent of the appraisal assignment." Lastly, the Federal Reserve notes that "some institutions add typical reviews with post-funding surveys of appraisal quality for any of their high-risk or high-value transactions as a channel to help in discovering valuation dilemmas."
In addition to tailoring our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we'll formulate 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 Meador Group, Inc, we are experienced in all types of appraisal reviews, review processes and the obligations of review appraisers.
We're aware of what the most common weaknesses are, particularly in our home market. We also know what represents a quality appraisal. At the same time, we're proficient enough to know that the competitors in our market are able to do a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on Meador Group, Inc to justly look over appraisal reports done by others. And those others could be reviewing our work, too!
Here at Meador Group, Inc, you can rely on our independent judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact Meador Group, Inc regarding our qualifications, expertise and services offered.