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Field Review of Appraisals Solicitation Questions 1. The solicitation in Statement of Work section C.1.3.1 and on page 27 of Schedule M Evaluation Criteria Technical Evaluation Personnel Qualifications
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Field review of appraisals is a process where a qualified individual evaluates the accuracy and validity of an existing professional appraisal report.
Field review of appraisals is typically required by financial institutions or appraisal management companies to ensure compliance with regulations and quality standards.
To fill out a field review of appraisals, the reviewer must carefully examine the original appraisal report, visit the property being appraised, and provide detailed feedback on the accuracy and methodology used in the appraisal.
The purpose of field review of appraisals is to verify the accuracy and fairness of the original appraisal report, identify any errors or discrepancies, and provide assurance to stakeholders that the appraisal is reliable.
Information reported on a field review of appraisals typically includes the reviewer's findings, any discrepancies or errors identified in the original appraisal report, and recommendations for improving the appraisal process.
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