Once an appraisal report is delivered to MidLantic, we quickly go to work to diligently and thoroughly review it for accuracy of the sales data and physical attributes of the subject–a research analyst fact-checks the document against the public record to ensure the accuracy of the sales comparables utilized in the report.

Next, your appraisal undergoes an extensive review from a seasoned analyst to guarantee a high-quality, thorough and accurate appraisal review. 

This step is too important to automate with software. Instead, a keen eye from an expert who fully understands USPAP and regulatory requirements reads the entire appraisal report, which results in a higher level of scrutiny and ultimately a higher caliber product. 

For example, our analysts:

• Ensure that the scope of the assignment was properly identified and executed according to the needs of the client and protocols associated with the property type
• Verify that the appraiser sufficiently supported all assumptions, adjustments and conclusions made with data presented in the report.
• Confirm that all calculations and figures are accurate
• Ensure appropriate and reasonable reconciliation between the approaches developed

After this process, any errors or discrepancies the analyst discovered are addressed  directly with the appraiser in order to amend the report as needed. This step frequently results in revised reports or email correspondence attached to the review that provides needed clarity for the reader.

Afterwards, a specialist is sent both the review and the appraisal report to cross reference the two documents, ensuring that everything cited, including all relevant facts, data and, even page numbers are listed correctly in the review.

The completed review then goes to a supervisory review analyst to conduct a final comprehensive review of the report. The goal of this final review is to confirm the accuracy of the review itself.

Finally, the appraisal review is then delivered to you electronically.