Quality Control (QC) Review is a thorough and meticulous evaluation of appraisal reports that play a crucial role in ensuring that appraisals are fair, accurate, and reliable for lenders and appraisal management companies (AMCs). This review process includes an electronic assessment by ACI Sky and a manual review by our expert team.

The process starts with the electronic review provided by ACI Sky which utilizes advanced algorithms and industry-specific rules that meticulously examine each report. It is then reviewed by one our qualified reviewers to guarantee requirements align with the regulations established by Fannie Mae and Freddie Mac. This combination of automation and manual review is superior in detecting errors, inconsistencies, or regulatory non-compliance, thereby ensuring the integrity of the valuation reports.

Specifications and Advantages:

Efficient appraisal review processes are crucial in ensuring accuracy, compliance, and operational efficiency. Listed below are the advantages of conducting a QC review:

Identify priority risk items that require attention or analysis by qualified reviewers.
Mitigate the risk associated with faulty or non-compliant appraisal reports and avoid penalties.
Detect and resolve errors, inconsistencies, and compliance issues in appraisal reports.
Consistency of a documented process will stand up to scrutiny by any third-party auditor.

Details and Benefits:

Additional benefits of the QC review process:

Ensure cleaner reports for review with checks for compliance around
completeness, accuracy and consistency of data.
Compliance safeguards an audit trail documentation to lessen the risk of inconsistency.
The combination review process streamlines your investment in appraisal review, leveraging expertise maximizes the efficiency and effectiveness of the electronic review process, reducing the burden on resources.

By combining automated processes with manual review, organizations can minimize revision rates, reduce cycle times and costs by integrating data, technology, and people to enhance the quality of appraisal reports. Understanding the importance of QC review allows Lenders and AMCs to access best-in-class quality reports ensuring accuracy, reliability, and credibility in the appraisal industry.