Appraisal Review

An appraisal review is an important part of the mortgage purchase process.  It involves a “review” of an appraisal report that is done to make sure it meets specific underwriting guidelines and is usually part of a lender’s quality control program. Creekside Appraisal has been in the Triangle for 19 years, and many of our appraisers have over  15+ years in the appraisal business.

Homebuyers and sellers who expect an appraisal to sail through to closing without a hitch may be surprised to discover that home appraisals today can be problematic. The reasons for the change are complex, but there's no question that mortgage lenders have started to demand more reviews and do-overs

Managing Appraiser and REALTOR, Amanda Rivera, is a seasoned Residential Review Appraiser, with over 18 years experience.  While working full time as an appraiser, Amanda was also a Board Member, Secretary, and Vice President  for two different North Carolina Appraiser organizations,  NCPAC and NCREEA.
She spent the last 10 years or so working to help the appraisers of NC to gain a foothold in legislation and update NCAB rules. She holds the CDA designations issued by the NCPAC organization.
Licensed as a NC Certified Residential Real Estate Appraiser, NC General Contractor, and a NC REALTOR, Ms. Rivera brings a lot of experience to the table in any appraisal review situation. 
In addition, she was nominated by the governor to serve on the NC Appraisers Board, but the competition for the position that year included the current president of NCPAC also, who wound up filing the vacant NCAB position.  Her qualifications and resume include working with most major banks and REO organizations.

Review Products

Desk Review
The desk review typically requires less time and effort because it is performed in the office and does not require a trip to the property. The desk review does not require the reviewer to look for other comparables but assumes the original appraiser used the best comps that were available.

Field Review
​A field review is a more in depth analysis of an appraisal compared to the desk review. As I noted previously, the desk review is done to check if the appraisal was technically sound and the field review is done to see if the final value is supported and if not then to provide another opinion of value.