Qualified Appraisal Reviews by Meador Group, Inc

As said in an announcement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation programs," and that appraisers doing reviews must "have the proficiency and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." Here at Meador Group, Inc, we provide appraisal review services that are independent, efficient, professional and compliant with the Federal Reserve's guidelines.

Appraisal reviews "have to conclude whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the procedures by which the collateral valuation is accomplished guarantees independence and quality," as stated by the Federal Reserve. They "must also signify whether the appraisal or evaluation report matches the letter of engagement, which gives an account of the range of the appraisal assignment." Last, The Federal Reserve states that "some financial institutions add typical reviews with post-funding assessments of appraisal quality for some of their high-liability or higher-value affairs as a way to help in addressing valuation disputes."

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