Appraisal Buzz

JUNE 7, 2021

Additionally, client contracts often require that appraisal management companies ensure staff receive proper training on various topics. We also address how to handle scenarios where a party, such as a loan officer or listing agent, attempts to select or deselect the appraiser.

Training 366

Training Reconsideration of Value Valuation Clients 366

Annarbor Appraisal

SEPTEMBER 6, 2020

When a sale is involved, the valuation may be lower than contracted price. Lenders offer a formal “Reconsideration of Value” (ROV) process. Contact the loan officer for assistance in submitting an ROV, but remember these processes are mostly one-and-done, therefore be rational and compelling in that first submission.

Mortgage Appraisal 78

Mortgage Appraisal Appraisal Mortgage Reconsideration of Value 78

Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. But they didn’t.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Birmingham Appraisal

SEPTEMBER 15, 2022

The AMC scenario was put into place several years ago to reduce direct contact between the loan officer and the appraiser, however as I said it can be a slower process. What If The Appraisal Is Less Than The Contract? There is always the possibility that the appraisal value is less than the contract price.

Appraisal 90

Appraisal Inspection Appraisal Process Real Estate Agent 90