Quality control appraisal reviews are often a tension point in the appraisal relationship. It’s a topic that is often heated. To bring some clarity to the process, Valuation Review talked to valuation professionals from all walks of the appraisal industry. From an appraisal firm’s point of view of appraisal review to tips from the top appraisal minds, no quality control topic was left unchecked.
Navigating the often troubled water of Appraisal Review
While certainly a necessary practice — and oftentimes required — most appraisal organizations and appraisers are looking for better ways to address the appraisal review process. Covering this from a global and all-inclusive perspective, we should first identify the stressful points throughout this hot topic process. In many circumstances, it is a simple as a lack of consistent formatting of reports that can frustrate both appraiser and reviewer.
Getting appraisers and QC reviewers on the same page
With the uptick in the market, appraisers can expect more scrutiny of their appraisals going forward. Appraisers and review appraisers share equally in ensuring the review process will go smoothly. For the appraiser, the following suggestions should lead to fewer revisions and result in a more efficient process ...
Appraisers review appraisal review: Tips from top appraisers (Part 1)
While appraisers have a lot to gripe about in the less than perfect appraisal process, appraisal review is often one of the biggest stress points between the appraiser and client. Coercion, poor practices and just plan appraisal ignorance all can play a role in making the appraiser’s work more stressful. We asked our panel of excellent appraisers how they deal with this potential pitfall. Valuation Review: What are the most common stress points in the appraisal review process? “The majority of complaints...
More appraisal review tips from valued professionals
In tackling one of the most problematic points in the appraisal industry — appraisal review — Valuation Review asked appraisers what their most common stress points are in a quality-control review process. In the second part, appraiser pros sound off on what firms can do to improve their appraisal processes and how technology impacts the process.