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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

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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Practical Tips for Working With AMCs

Appraisal Today

It can help you get more business from AMCs (and other lender clients). I keep my advertising clients and this newsletter’s content separate. Reconsideration of value and Appraisers. Architect James Kluttz designed the place for himself and his family in 1987. Lender decides You must match to client.

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How to Find Comps With Few Sales

Appraisal Today

” I had never heard of appraising, and I got a book on appraising at the local library before my interview. Allow the appraisers to speak directly to the lender/client, instead of going through the third-party agent. This will save time, especially when consumers request a Reconsideration of Value.

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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.