A method and system for automated review and analysis of appraisal reports, including receiving and identifying an appraisal report. After identifying the appraisal report, relevant data and/or information contained therein is identified and extracted. The extracted data and/or information are then normalized for subsequent evaluation. Thereafter, the normalized data and/or information is evaluated to determine, for example, whether the appraisal report complies with generally accepted appraisal practices and whether the appraised property represents a low, moderate, high, or very high risk. The method and system also generates an output relating to the appraisal report evaluation.