Expert Appraisal Reviews by Meador Group, Inc

As stated in an announcement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers performing reviews should "have the proficiency and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are independent, expert, professional and compliant with the Federal Reserve's rules, just contact Meador Group, Inc.

Appraisal reviews "ought to conclude whether the appraisal or evaluation is pertinent for the transaction, the uncertainty of the transaction, and whether the procedure by which the collateral valuation is accomplished guarantees independence and quality," according to the Federal Reserve. They "must also show whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the capacity of the appraisal assignment." Last, The Federal Reserve states that "some banks reinforce regular reviews with post-funding assessments of appraisal quality for any of their high-risk or higher-value transactions as a way to aid in exposing valuation concerns."

In addition to coordinating our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we'll 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 Meador Group, Inc, we're skilled in all forms of appraisal reviews, review procedures and the obligations of review appraisers.