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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted. Now there is, per the attached PDF HUD/FHA mortgage letter. The mortgage loan officer handling the loan?

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Appraisal Institute Counters Flawed Appraiser Bias Narrative

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, forms to reports modernization, AMCs, earthquake risk, unusual homes, mortgage origination stats, etc. == == Rare Coastal Contemporary Manchester, MA, for $9M Excerpts: 5 bedroom, 4.5 bath, 5,258 sq.ft.

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Help your Borrowers Navigate Recent Home Appraisal Trends

Genworth MI Blog

Prospective borrowers, especially first-time homebuyers, need to be ready for what they’ll encounter during the homebuying process, including home appraisals. Appraisal overview The appraisal is a report with an independent opinion of value of how much a property is worth. That’s where you, the lenders, can step in and help.

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4 reasons you’re better off selling your house this winter [INFOGRAPHIC]

Cornerstone

Here’s an overview of why selling this winter may be smarter: Even after the buyer boom seen in 2020 , it continues: Buyer demand is outpacing the supply of available homes for sale, so homebuyers frequently compete to snatch up limited listings. Reading Time: 2 minutes Download the infographic here. Look forward to a lot less competition.

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Mastering How to Order a Home Appraisal Quickly

AmeriMac

When it comes to buying, selling, or refinancing a home, one important step in the process is getting a home appraisal. In this blog, we will explore the ins and outs of home appraisals, including their importance, how they affect mortgage loans and home equity, and the step-by-step process of ordering a home appraisal quickly.

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Relocation Appraisal: A Brief Overview

AmeriMac

Relocation appraisal is the process of evaluating a property’s value in the real estate market. This blog post will explore the importance of relocation appraisal and its purpose and approach. This blog post will explore the importance of relocation appraisal and its purpose and approach. So, let’s dive in!

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Appraiser Liability Risks

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. A home valued too high can lock a homeowner into an unaffordable mortgage and increase the risk of foreclosure.