Appraisal, Business and Reconsideration of Value

New appraisal bias protections apply to reverse mortgage program: FHA

Housing Wire

MAY 2, 2024

Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) this week announced a new policy enabling mortgage borrowers to “request a re-assessment of the appraised value of their property if they believe that the appraisal was inaccurate or biased.”

Reconsideration of Value

Reconsideration of Value Appraisal Mortgage Valuation

ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

MAY 10, 2024

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. For appraisers, Section II.D.2.

Reconsideration of Value

Reconsideration of Value Appraisal Real Estate Insurance

5 Best Practices for Dealing with Reconsiderations of Value & Revision Requests

DataMaster

JUNE 2, 2023

Yes, we’re talking about reconsideration of value (ROVs) and revision requests. In 2022, the administration launched the interagency task force on Property Appraisal and Valuation Equity (PAVE). The Biden-Harris administration has been vocal in its efforts to address racial and ethnic bias in home valuations.

Reconsideration of Value

Reconsideration of Value Valuation Clients Legal

How to Respond to a Reconsideration of Value Request

McKissock

NOVEMBER 16, 2021

With rapid price growth and price bidding wars in hot real estate markets, an increase in appraisal appeal requests is likely. No matter how meticulous you are or how good your appraisal reports are, inevitably, you’ll receive complaints about some of your appraisals. Meet deadlines, if attainable.

Reconsideration of Value

Reconsideration of Value Clients Appraisal Real Estate Agent

5 Best Practices for Dealing with Reconsiderations of Value & Revision Requests

DataMaster

JUNE 2, 2023

Yes, we’re talking about reconsideration of value (ROVs) and revision requests. In 2022, the administration launched the interagency task force on Property Appraisal and Valuation Equity (PAVE). The Biden-Harris administration has been vocal in its efforts to address racial and ethnic bias in home valuations.

Reconsideration of Value

Reconsideration of Value Valuation Clients Legal

Reconsideration of Value and Appraisers

Appraisal Today

SEPTEMBER 9, 2022

Excerpts: Suggested protocols for responding to Reconsideration of Value requests. Appraisers are still required to comply with USPAP when responding to an ROV request, including the confidential nature of assignment results. My comments : ROVs are a PITA for many appraisers. Reconsideration of Appraised Value.

Reconsideration of Value

Reconsideration of Value Appraisal Clients Contracts

Overcoming 2023’s biggest appraisal challenges

Housing Wire

JANUARY 18, 2023

From an appraiser shortage to turn-time challenges amid record-breaking volumes, the past few years have been a whirlwind for the appraisal industry. HousingWire recently sat down with Jaro Managing Director Gareth Borcherds to learn what steps housing professionals can take to speed up appraisals.

Appraisal

Appraisal Reconsideration of Value Appraisal Process Technology

The appraisal industry’s governance problem

Housing Wire

JANUARY 24, 2022

That was the startling and totally hypothetical analogy made, based on the current structure of the Appraisal Foundation , in a scathing report released this week. Until recently … the appraisal industry seems to have escaped the type of regulation and scrutiny faced by other participants in the mortgage market,” the authors wrote.

Government

Government Appraisal Reconsideration of Value Lending

A View on Risk: Desktop Appraisals

Appraisal Buzz

FEBRUARY 7, 2022

Fannie Mae announced on January 19, 2022 that they will be accepting desktop appraisals for eligible loan transactions. The team at Fannie Mae were the first to announce requirements lockstep with their Regulator that desktop appraisals will become a normal part of the appraisal product landscape. Appraisal Labels.

Appraisal

Appraisal Inspection Development Technology

What’s New in Appraisal Membership: March 2023

McKissock

MARCH 21, 2023

McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant info to grow your real estate appraisal career. Not yet a member?

Appraisal

Appraisal Reconsideration of Value Real Estate Business

2022 Appraisal Outlook: Appraisers Cast Optimistic Eye On Coming Year

McKissock

DECEMBER 28, 2021

Appraisers recently contacted by McKissock tend to agree that the profession will go generally well in 2022, with no major changes to the real estate market and no events on the horizon that could seriously upset appraisers’ business. Desktop appraisals, with information provided by third-party hirelings, may increase.

Appraisal

Appraisal Reconsideration of Value Real Estate Property Appraisal

Common USPAP Appraiser Violations

Appraisal Today

MAY 24, 2024

8 Common Violations Made by Appraisers By Dan Bradley When it comes to appraisal non-compliance with USPAP, certain violations are, unfortunately, somewhat common… I have compiled this list based on many years of personal experience as a reviewer and a state regulator, as well as feedback I have received from other states’ enforcement agencies.

Appraisal

Appraisal Contracts Mortgage Reconsideration of Value

Why Appraisal Workfiles Are Important

Appraisal Today

APRIL 5, 2024

Why an Organized Workfile is Your Best Defense By Craig Capilla Excerpts: We all know that the Uniform Standards of Professional Appraisal Practice (USPAP) set the baseline for what must be included in a workfile. Still, all too many appraisers seek only to meet that minimum standard and little more. Newer appraisers are lucky.

Appraisal

Appraisal Contracts Business Construction

FREE Webinar: Update on Current VA Appraisal Topics

McKissock

FEBRUARY 13, 2023

McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “Current Topics with the VA,” featuring a discussion with James Heaslet, Chief Appraiser for the Department of Veterans Affairs and Jeffrey Hogan, Vice-President at Veros Real Estate Solutions. Sign up now.

Appraisal

Appraisal Reconsideration of Value Valuation Real Estate

What’s New in Appraisal Membership: June 2021

McKissock

JUNE 22, 2021

McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources. Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career.

Reconsideration of Value

Reconsideration of Value Appraisal Real Estate Retail

Appraisers: How to Manage Your Emails

Appraisal Today

APRIL 7, 2023

AMCs Assuring that the appraiser has the correct contact information for an inspection is very important. Communicating quickly with the lender is an issue with the appraisal process. I don’t see much written about appraisers and emails. I have always had a landline for business calls and a cell phone for personal calls.

Appraisal

Appraisal Property Taxes Reconsideration of Value Contracts

How to Ease the Transition to Senior Living

Cleveland Appraisal Blog

SEPTEMBER 10, 2022

You can also listen right here at Cleveland Appraisal Blog! . I am a member of the National Association of Appraisers. If you’re an appraiser, and you’re looking to join an appraisal organization, please check them out. – DW Slater Appraisal Blog. – The Appraiser’s Advocate Podcast.

Reconsideration of Value

Reconsideration of Value Technology Appraisal Finance

FREE Webinar: Update on Current VA Appraisal Topics

McKissock

FEBRUARY 13, 2023

McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “Current Topics with the VA,” featuring a discussion with James Heaslet, Chief Appraiser for the Department of Veterans Affairs and Jeffrey Hogan, Vice-President at Veros Real Estate Solutions. View Pro-Series webinars.

Appraisal

Appraisal Reconsideration of Value Valuation Real Estate

Challenging a mortgage appraisal

Annarbor Appraisal

SEPTEMBER 6, 2020

Challenging the results of the appraisal for mortgage financing. Even though the consumer may pay for the appraisal, they are no more the client than is the credit reporting agency or title company hired directly by the lender. There should never be any bias in favor of any party, or value.

Mortgage Appraisal

Mortgage Appraisal Appraisal Mortgage Reconsideration of Value

NAN’s Steve Sussman on the company’s growth strategy

Housing Wire

AUGUST 29, 2022

Nationwide Appraisal Network (NAN) was the top-ranking appraisal management company on the 2022 Inc 5000 list at No. We sat down with Steve Sussman, NAN’s chief business development officer, to find out how the company is growing so fast and what they see for the future. What do you attribute that growth to?

Modernization

Modernization Appraisal Valuation Technology

Practical Tips for Working With AMCs

Appraisal Today

NOVEMBER 4, 2022

Appraisers Share Their Best Tips for Working with AMCs. Appraisers tend to get annoyed with constant emails from the AMC about inspection date, completion, report submission, etc. In my opinion, that’s good business. My comments: Read this blog post with practical tips from practicing appraisers. Humor for Appraisers.

Reconsideration of Value

Reconsideration of Value Appraisal Inspection Advertising

How to Find Comps With Few Sales

Appraisal Today

FEBRUARY 23, 2024

I quit making dollar adjustments on form appraisals many years ago, but I always do market conditions adjustments when needed. I appraise a lot of 2-4 units and regularly go to other neighborhoods for comps. I do a lot of estate appraisals, which are not current value. Isn’t appraising boring? baths, 12,770 sq.ft.,

Appraisal

Appraisal Real Estate Contracts Reconsideration of Value

Property Appraisal Zone

New appraisal bias protections apply to reverse mortgage program: FHA

ROV (Reconsideration of Value) Changes – FHA and GSEs

Trending Sources

5 Best Practices for Dealing with Reconsiderations of Value & Revision Requests

How to Respond to a Reconsideration of Value Request

5 Best Practices for Dealing with Reconsiderations of Value & Revision Requests

Reconsideration of Value and Appraisers

Overcoming 2023’s biggest appraisal challenges

The appraisal industry’s governance problem

A View on Risk: Desktop Appraisals

What’s New in Appraisal Membership: March 2023

2022 Appraisal Outlook: Appraisers Cast Optimistic Eye On Coming Year

Common USPAP Appraiser Violations

Why Appraisal Workfiles Are Important

FREE Webinar: Update on Current VA Appraisal Topics

What’s New in Appraisal Membership: June 2021

Appraisers: How to Manage Your Emails

How to Ease the Transition to Senior Living

FREE Webinar: Update on Current VA Appraisal Topics

Challenging a mortgage appraisal

NAN’s Steve Sussman on the company’s growth strategy

Practical Tips for Working With AMCs

How to Find Comps With Few Sales

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