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. George Dell – his usual very interesting comments.
Appraiserblogs
DECEMBER 21, 2021
White Paper: Requests for Reconsiderations The paper states that…. Reconsideration of Value Requests Open invitation for spurious reconsideration requests. ANSI Measuring Standard Required in 2022 On December 15, 2021, Fannie Mae announced that it will be adopting ANSI Measuring Standard in 2022. No thank you.
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Housing Wire
JANUARY 18, 2023
We saw in 2020 and 2021 some of the most extensive challenges with appraisals due to the volume we experienced as an industry, and we saw nationwide turnaround times extend out to the longest I’ve seen in a decade. There are several ways we can do that from how we allocate orders, set fee schedules, and handle reconsiderations of values.
McKissock
JUNE 22, 2021
Job aid: How to Respond to a Reconsideration of Value Request. The useful and practical information within this guide is intended to enhance and strengthen your responses to a mortgage lender’s appraisal appeal, called a reconsideration of value. Webinar: Basics of the HP12c and Its Usage in Appraisal.
Housing Wire
JANUARY 24, 2022
The report also called on the government-sponsored enterprises to release parts of their vast trove of appraisal data, and urged lenders, the government, the GSEs and the Appraisal Foundation to standardize the reconsideration of value process, which currently lacks “any legal structure.”. That process varies from lender to lender.
Appraisal Buzz
FEBRUARY 7, 2022
During 2020 and 2021 as the Covid-19 pandemic global pandemic disrupted our lives and the way we all do business, regulators, agencies, and the government sponsored enterprises allowed inspection relief in certain circumstances. Operational and Reputational Risk Implications.
Housing Wire
JANUARY 12, 2023
Since June 2021, Fudge has led an interagency task force created by the Biden administration to combat inequality in appraisals. According to HUD, lenders will have clear guidance on reviewing the borrowers’ request for a reconsideration of value when applying for FHA-insured mortgage financing.
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