Contracts Document Reconsideration of Value Valuation 
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.
Appraisal Buzz
JUNE 7, 2021
Certain states require AMC staff to receive training to ensure they understand valuation independence regulations as well as other statutory requirements. Josh : I am a compliance and valuation consultant based in Colorado. Can’t make the time? Register to receive the full recording in your inbox as soon as it’s over!
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Housing Wire
APRIL 6, 2021
How hybrid title and valuations help increase lending efficiency. For example, one client had a home under contract for $983,000 and the list/appraised value was just $900,000, the LO said. But making me be the only one responsible (the appraiser) for the value and the loan, makes the appraiser use more caution,” he said. “If
Appraisal Today
APRIL 5, 2024
Particularly when speaking about the workfile, for my money, the most dangerous words in USPAP are “or references to the location(s) of such other data, information, and documentation.” Lanham, 20/20 Valuations, and loanDepot.com, U.S. I’ve seen this happen. Systems fail. MLS aggregators have software glitches.
Appraisal Today
NOVEMBER 4, 2022
Reconsideration of value and Appraisers. It ruled that the lender did not owe the borrower a legal duty to assure that the independent appraiser’s valuation was correct. To read more, including the full legal document and appraiser comments, click here. We all like free Liability advice! Appraisal Business Tips .
Portland Appraisal Blog
APRIL 14, 2019
There has been a meeting of the minds, the contract has been signed and everyone is anticipating a smooth closing. Usually this is done via a document known as a “reconsideration of value” (ROV for short). What is a Reconsideration of Value? In short, a reconsideration of value is another appraisal.
Appraisal Today
APRIL 7, 2023
Becoming a Go-to Appraiser for Realtors during a Confusing Time in the Industry Real estate agents and appraisers are taught different methods of valuation both in qualifying and continuing education as well as in the field. The review and analysis of the lender-selected sales are completely irrelevant to the report and opinion of value.
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