Your loan officer can help you with submitting a rebuttal and/or correcting any errors with the appraisal company. If you have other comparable properties that the appraiser didn't use in evaluating the home, be sure to let your loan officer know the property addresses. Comps need to have similar style, room count, recently sold (not just listed), very close in proximity, condition, etc. In other words, a ranch home cannot be compared to a 2 story, a 4 BR cannot be compared to a 2 BR, a home sold more than 4-6 mos ago is generally not a comp. As far as the length of time, it should only take a few days for the appraiser to respond.
Source: http://www.zillow.com/advice-thread/Process-to-resubmit-claim-for-refinancing/492786/
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