article thumbnail

ICE unveils two new property valuation solutions

Housing Wire

Validate ROV allows homeowners who have questions about lender-assigned home values to submit “reconsideration of value” requests with their phones. Consumers will supplement their requests with pictures of the property.

Valuation 342
article thumbnail

Progress now or perfect later: Improving the appraisal process

Housing Wire

Concerns of racial bias , a lack of standardization for consumers in the reconsideration of value process and unclear authority in the governance structure are all present amidst increased requests from lenders for a more efficient process that provides value certainty sooner.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Practical Tips for Working With AMCs

Appraisal Today

Reconsideration of value and Appraisers. Is there any way to mitigate the risk and improve the property value? Building homes at a higher elevation will help. Regression results suggested that every foot of elevation can increase home value by 1.6% value to property. We all like free Liability advice!

article thumbnail

How to Find Comps With Few Sales

Appraisal Today

This will save time, especially when consumers request a Reconsideration of Value. Potential homebuyers are quite sensitive to these rate changes, as affordability is strained with both higher rates and higher home values in this supply-constrained market.” percent of total applications from 34.0