Housing Wire

MARCH 26, 2024

California-based loanDepot will pay an undisclosed amount and commit to improving its mortgage appraisal practices. A spokesperson for loanDepot told HousingWire that the company “strongly opposes bias in the home finance process.” But the company hasn’t admitted any fault.

Appraisal 335

Appraisal Reconsideration of Value Valuation Mortgage Appraisal 335

Annarbor Appraisal

SEPTEMBER 6, 2020

Challenging the results of the appraisal for mortgage financing. Even though the consumer may pay for the appraisal, they are no more the client than is the credit reporting agency or title company hired directly by the lender. Lenders offer a formal “Reconsideration of Value” (ROV) process.

Mortgage Appraisal 78

Mortgage Appraisal Appraisal Mortgage Reconsideration of Value 78

McKissock

DECEMBER 28, 2021

Traut notes that the Federal Housing Finance Agency (FHFA) announced in late October 2021 at the Mortgage Banker Association’s annual conference that banks and mortgage lenders will be able to use desktop appraisals in place of traditional appraisals for qualifying Fannie Mae or Freddie Mac backed mortgages.

Appraisal 96

Appraisal Reconsideration of Value Real Estate Property Appraisal 96