Appraisal reviews serve many important purposes. One of the difficulties that reviewers face in appraisal practice is recognizing that it is the work product being reviewed, and not the appraiser.
It is the process of developing and communicating one's opinion about the quality of the work performed by another appraiser in the course of an appraisal or appraisal review assignment.
Seven reasons why appraisal reviews are useful and necessary:
The three most common report types include:
Having a team of trained reviewers, we can provide a thorough review of any residential report and deliver it to the lender or resend it to the appraisers for corrections (if not in compliance with the client's requirements). Apart from reviewing appraisal reports in compliance with UAD, the team is also knowledgeable about UCDP (Uniform Collateral Data Portal).
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