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

DataMaster

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). Be aware that HUD, FHFA and the federal government are examining the ROV process related to bias.

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

DataMaster

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). Be aware that HUD, FHFA and the federal government are examining the ROV process related to bias.

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White House marks one year of PAVE appraisal bias action plan

Housing Wire

Thursday, March 23 marks the one-year anniversary since the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released its action plan to curb instances of bias in the housing appraisal process. Led by U.S.

Appraisal 338
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Opinion: The path to modernizing the appraisal process

Housing Wire

And the appraisal process is no exception. After a summer filled with overwhelming demand and too little appraisal capacity, which increased loan costs and time to close, there is finally light appearing at the end of the tunnel. The appraisal gap for properties in Latino neighborhoods can be even worse, going as high as 9.4%.

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2022 Appraisal Outlook: Appraisers Cast Optimistic Eye On Coming Year

McKissock

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.