Appraisal Today

MAY 10, 2024

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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McKissock

NOVEMBER 16, 2021

To help you out, we’ve put together some practical information to strengthen your responses to a mortgage lender’s appraisal appeal, called a reconsideration of value (ROV). USPAP prohibits an appraiser from discussing the results of an appraisal with anyone other than the client or parties designated by the client.

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Appraisal Today

SEPTEMBER 9, 2022

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. To read more, click here.

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Appraisal Buzz

JUNE 7, 2021

In 2015, I designed the Market Machine, a technological tool used by appraisers and other valuation professionals. Josh : The course is taken by staff of lending institutions and appraisal management companies and centers on the need for companies to meet or exceed clients’ and regulators’ minimum training requirements.

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Housing Wire

MARCH 23, 2023

HUD also announced this week that it had awarded $54 million in grants across 42 states designed to curb appraisal bias.

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Appraisal Today

NOVEMBER 4, 2022

Reconsideration of value and Appraisers. Architect James Kluttz designed the place for himself and his family in 1987. Mortgage Lending You decide. Mortgage Borrowers Can Challenge Inaccurate Appraisals Through the Reconsideration of Value Process. We all like free Liability advice!

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Appraisal Today

FEBRUARY 23, 2024

Take Note of GSE Requirements To read more, Click Here My comment: If you do residential lending appraisals, read this article! This will save time, especially when consumers request a Reconsideration of Value. But the waterfront building’s more-recent design is rooted in a nautical past. Very comprehensive.

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