Appraisal Review Services

With over a decade of experience and domain-level expertise in the mortgage industry, we strive to provide accurate and timely mortgage appraisal review support services to our clients. We meticulously review all asset reports to spot any inconsistency, and process the same for rectifications, prior to sending the final asset report to the lender. Our review process is carried out in strict adherence to appraisal regulations including USPAP (Uniform Standards of Professional Appraisal Practice).

Our Comprehensive Appraisal Review Services

Our review services entails analyzing the appraisal report as per regulatory and client guidelines. We read the reports to understand the basis for property valuation, evaluate the accuracy of comparable sales adjustments, market value and rebates etc. We comprehend the appraiser's reasoning behind setting the final asset value. Our appraisal review services assist lenders in the following ways:

  • Offer lenders a clear understanding of factors that can potentially impact asset's property value.
  • Spot inconsistencies according to CU findings and agency guidelines. Such inconsistencies can include lack of uniformity of the borrower's details across each report pages.
  • Acknowledge all Conv appraisals that have CU scores below 4
  • Send findings to the lender's in-house appraisal underwriters for FHA, VA, USDA, and Conv appraisals that have CU scores of 4 or beyond.

Mortgage Appraisal Review Process Flow

We have a simple but well-defined mortgage appraisal review process that ensures every unique requirements of our clients are met. Our process flow comprises of the following steps:

  • Verify borrower's and lender's details in the files submitted for appraisal review.
  • Review conventional loan type as per rental review form guidelines.
  • Review construction and financial loan types as per admin bridge loan desktop guidelines.
  • Budget value verification under REO/RMA and budget doc.
  • Cross verify the document with the appraisal report to check any inconsistency in owner name, property characteristics, etc.
  • Verification of the appraiser's license and E&O.
  • E-mail to the onshore team with the standard checklist.

Talk To Our Experts About Your Requirements Now

Contact us now to know more about our appraisal follow up service

Get to Know Our Appraisal Reviewers

Our mortgage appraisal review process is driven by professionals with wide experience in examining the technical aspects of appraisal reports. Their comprehensive knowledge of Uniform Standards of Professional Appraisal Practice and other Freddie Mac appraisal requirements, including the Home Valuation Code of Conduct (HVCC), ensure every report has been generated through sound methodology and contains factual information with appropriately supported conclusions. After the review they work with the appraiser to resolve valuation discrepancies in a time-bound manner and provide the client with the closest value recommendation possible.