Actually, I believe there is one additional step.
Once you are sending your weather data, the data is "ingested" by NOAA and subject to "quality" checks by MADIS. However, you do not automatically received reports of problems with your data/site unless you also sign up to get those reports.
I've been checking the CWOP for the MADIS ratings today (the update day) and see I now have 2 thumbs up thru-out the page (C9386). That's good to know as there was 1 or 2 stations in the area that seemed like they just tagged in generic numbers for things like altitude. There was one last year that was 600 ft higher than mine. His location was downhill...
I checked my altitude thru my Topo software and a GPS unit and they both jived for me. The CWOP page says I'm pretty close (I think I was on a ladder haha). It's all pretty cool - the siting is actually only about 10 or 15 feet from where it is on their mapping.
Now I want to see the MADIS comment on Weather Underground like the other stations I see.
This is my first winter with a PWS so I'm having "fun" watching the temps dive at nite (10F in the desert is cold) with the wind chill but I'm watching the summary all time. I'll sign-up for the data snag reports soon. Next step is to Dremel off the handle of my Walmart strainer aka rain gauge debris collector.