Expert Appraisal Reviews with Meador Group, Inc
According to an announcement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation plan," and that appraisers doing reviews ought to "have the ability and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." Meador Group, Inc provides appraisal review services that are objective, expert, professional and in line with the Federal Reserve's regulations.
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, call Meador Group, Inc today.
According to the Federal Reserve, appraisal reviews "must conclude whether the appraisal or evaluation is fitting for the transaction, the risk of the transaction, and whether the procedure by which the collateral valuation is collected guarantees independence and quality." In addition, they "must signify whether the appraisal or evaluation report is true to the letter of engagement, which sets forth the scope of the appraisal assignment." The Federal Reserve also notes that "some financial institutions reinforce regular reviews with post-funding evaluations of appraisal quality for a few of their higher-risk or high-value transactions as a control to assist in uncovering valuation complications."
In addition to adjusting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we will develop 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 all forms of appraisal reviews, review processes and the requirements of review appraisers.
We realize what the most prevalent inadequacies are, particularly in our home market, as well as what represents a quality appraisal. We're also skilled enough to identify that the competitors in our market are capable of doing a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on Meador Group, Inc to ethically look over appraisal reports carried out by others. And those others might be examining our work, too!
Here at Meador Group, Inc, you can rely on our independent judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and service offerings.