Appraisal Quality Tip: Understanding the updates to Reconsideration of Value requests
Clear Capital
OCTOBER 7, 2024
We’re excited to share some important updates regarding the Reconsideration of Value (ROV) process. As you may know, Fannie Mae, Freddie Mac (the GSEs), and HUD have recently announced a standardized approach for handling ROVs initiated by borrowers during the appraisal process. What is a borrower-initiated ROV?
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