Appraisal Services
Being Pioneers in the Appraisal QC Review services, our quality control and review department has many years of experience working with all types of appraisers, loan types, and lenders.
Appraisal Report Review-Quality Check
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.
USPAP Defines Appraisal Review As:
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:
Why Are Appraisal Reviews Needed?
Accuracy Assurance
Appraisal reviews ensure precise property valuations by checking methodologies and data for errors, maintaining assessment accuracy.
Quality Control
Serving as a quality control measure, reviews guarantee appraisals meet defined standards, contributing to overall process credibility.
Risk Mitigation
Identifying potential valuation issues, appraisal reviews help mitigate financial and reputational risks for informed decision-making.
Compliance Verification
Essential for confirming appraisals adhere to industry standards, legal regulations, and organizational policies, reducing risks and ensuring ethical practices.
Consistency Promotion
Appraisal reviews ensure consistent application of valuation methodologies, maintaining uniformity in property assessments.
Stakeholder Confidence
Regular reviews build stakeholder confidence, showcasing a commitment to quality assurance and adherence to standards in the appraisal process.
Professional Development
Reviews offer appraisers insights for ongoing professional growth, helping them enhance skills and stay updated on industry best practices.
Appraisal Report Review Key Features
- Perform 100% Manual Review
- Highly trained professionals/reviewers
- Well versed with different appraisal forms, Lender Requirements
- Follow client/lender customized checklist
- Multi-level quality assurance checks
- Using ValuTrac, Engage, Mercury, eTrac k, Appraisalscope, Anow etc.
- Ensure Accurate & Error free Appraisal Report delivery
- Quick turn time: 2 Hrs & RUSH within an Hr.
- Weekly/Monthly Feedback Analysis with client & team
- Handling 10000+ files per month
- 24*7 support (Call, Email, Chat, Skype)