Remove Appraisal Process Remove Clients Remove Modernization Remove Reconsideration of Value
article thumbnail

The appraisal gap is complicating deals across the country

Housing Wire

It had a large, fenced-in yard, modern appliances in an updated kitchen, a “man cave” for her husband, beamed ceilings, a massive master suite and was located in a good school district. For example, one client had a home under contract for $983,000 and the list/appraised value was just $900,000, the LO said.

Appraisal 539
article thumbnail

A View on Risk: Desktop Appraisals

Appraisal Buzz

The lender/appraiser ecosystem over time has adapted processes and technologies to achieve appraisal development and reporting that meets regulatory, agency, and investor requirements, as well as meeting the needs of individualized lender risk appetites. Appraisers rely on standards of practice and processes.

Appraisal 435
article thumbnail

Reconsideration of Value and Appraisers

Appraisal Today

Excerpts: Suggested protocols for responding to Reconsideration of Value requests. Maintain USPAP compliance – Confirm the ROV request came from your client, either directly or through the client’s AMC, acting as an agent for the client, or other party designated as an agent by the client. Excerpts: 2.