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). They may flag an initial report to ensure compliance with specific legal or regulatory requirements.

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Reconsideration of Value Valuation Clients Legal 145

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.

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Housing Wire

MARCH 26, 2024

loanDepot has settled a lawsuit filed by a Maryland couple accusing the firm of appraisal bias, ending a case that gained national attention two years ago. California-based loanDepot will pay an undisclosed amount and commit to improving its mortgage appraisal practices. But the company hasn’t admitted any fault.

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Appraisal Reconsideration of Value Valuation Mortgage Appraisal 319

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). They may flag an initial report to ensure compliance with specific legal or regulatory requirements.

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Reconsideration of Value Valuation Clients Legal 78

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.

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Reconsideration of Value Appraisal Clients Contracts 52

Appraisal Today

NOVEMBER 4, 2022

Appraisers Share Their Best Tips for Working with AMCs. They really appreciate it, and it ensures you can complete assignments on time as you had planned (no one likes waiting for a legal description only to have it show up on your day of 4 inspections!). My comments: Read this blog post with practical tips from practicing appraisers.

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Reconsideration of Value Appraisal Inspection Advertising 52