What is the main purpose of conducting a desk review of an appraisal?

The main purpose of conducting a desk review of an appraisal is to ensure compliance with the relevant appraisal standards. In this process, a qualified reviewer evaluates the appraisal report to confirm that it adheres to professional guidelines and regulations, such as those established by the Appraisal Standards Board or similar authorities. This review focuses on verifying that the methodologies used in the appraisal are sound and that the calculations and conclusions drawn by the appraiser are appropriate and backed by adequate evidence.

While other options may contain elements related to the appraisal review process, they do not capture the essence of the desk review's primary goal. For instance, final approval without an inspection does occur through desk reviews, but this is not the overarching purpose. Similarly, while a desk review does involve some level of validation of the appraiser's findings, it is more about compliance with standards rather than simply validating conclusions. Gathering further data for an informed opinion is generally not a task associated with desk reviews since the review relies on the existing appraisal report rather than seeking out new data.