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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Housing Wire

MARCH 23, 2023

Thursday, March 23 marks the one-year anniversary since the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released its action plan to curb instances of bias in the housing appraisal process. 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 Buzz

JUNE 7, 2021

Certain states require AMC staff to receive training to ensure they understand valuation independence regulations as well as other statutory requirements. Josh : I am a compliance and valuation consultant based in Colorado. Josh : The Annual Compliance Training is designed to meet requirements of clients and regulators.

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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

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. It ruled that the lender did not owe the borrower a legal duty to assure that the independent appraiser’s valuation was correct. Appraisal Business Tips .

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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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