The Department of Veterans Affairs is providing VA lenders with LoanSafe Appraisal Manager, a new automated tool for appraisal review. The LSAM is designed to help VA lenders do a quick assessment of appraisal risk for VA policy compliance violations, over/under valuations and appraisal quality issues. The automated appraisal tool does not provide an estimate of value or make decisions for lenders. It does not accept or reject appraisals or characterize them as good or bad. Currently, every VA appraisal report must be reviewed either by a VA-designated fee appraiser or by a staff appraisal reviewer before the agency issues a notice of value. A notice of value is the reasonable value of the property for loan purposes. A staff appraisal reviewer (SAR) ensures that all VA loan requirements are satisfied. The reviewer might find some inconsistencies during the review and ...