lenders Reconsideration of Value Related Topics 
Housing Wire
MARCH 18, 2024
Validate ROV allows homeowners who have questions about lender-assigned home values to submit “reconsideration of value” requests with their phones. Consumers will supplement their requests with pictures of the property.
Housing Wire
MARCH 26, 2024
Court documents filed on March 22 show that the lender and plaintiffs Nathan Connolly and Shani Mott — the latter a scholar of Black studies at Johns Hopkins University who died March 12 in Baltimore of adrenal cancer — agreed with a voluntary dismissal with prejudice.
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Appraisal Buzz
JUNE 7, 2021
We continue to provide this training to AMCs and lenders, and have even customized for several clients. Josh : Appraisal departments, whether at an appraisal management company or a lender, have many responsibilities related to the process of obtaining appraisal reports that can be used for mortgage transactions.
Housing Wire
MARCH 23, 2023
In filing the statement of interest, the agencies are effectively saying lenders will be held liable if appraisal discrimination occurs. HUD also announced this week that it had awarded $54 million in grants across 42 states designed to curb appraisal bias.
Housing Wire
JANUARY 24, 2022
Appraisers, lenders, banking institutions and industry trade groups dominate the foundation’s boards, which have no representation from consumers or fair housing advocates. Appraisers, lenders, regulators have said to us, “Wait a minute, this can’t be true.” That process varies from lender to lender. But this is true.
Housing Wire
FEBRUARY 24, 2023
Concerns of racial bias , a lack of standardization for consumers in the reconsideration of value process and unclear authority in the governance structure are all present amidst increased requests from lenders for a more efficient process that provides value certainty sooner. No more clipboards.
Housing Wire
AUGUST 11, 2020
Most AMCs offer a process called a Reconsideration of Value Request, or ROV, that when properly presented, encourages the appraiser to review the work based on additional appropriate data submitted. Everybody wants to rush, but it’s just not possible when the appraisers are operating at capacity,” Pilgrim said. “As
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