article thumbnail

ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

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.

article thumbnail

What Is a Reconsideration of Value for an Appraisal Report?

Kairos Appraisal Services

The cooling housing market is forecast to continue in 2023, and buyers and sellers are proceeding with caution. The good news is that a reconsideration… The post What Is a Reconsideration of Value for an Appraisal Report? appeared first on Kairos.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The Loan Officer’s Guide to Appraisals Part 4:  Tips for a Successful Reconsideration of Value

Riverfront Appraisals

The post The Loan Officer’s Guide to Appraisals Part 4: Tips for a Successful Reconsideration of Value appeared first on Riverfront Appraisals. This blog is part four of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. But don’t let the name fool you. Even though we’re […].

article thumbnail

In a hot housing market, gap between purchase price and appraiser condition ratings causes headaches

Housing Wire

According to Johnson, when markets accelerate quickly, the credit risk gap widens between the agreed-upon purchase price and what the data reflects and advises loan production teams to explore avenues to understand this delta.

article thumbnail

The Loan Officer’s Guide to Appraisals Part 7:  How Can the Appraisal Process be Sped Up?

Riverfront Appraisals

So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals. For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process. And, you’ll definitely […].

article thumbnail

The Loan Officer’s Guide to Appraisals Part 6:  How are FHA Appraisals Different From Others?

Riverfront Appraisals

So far in our series, we’ve looked at final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value and bracketing. […]. This post is part six of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. We’re halfway there! appeared first on Riverfront Appraisals.

article thumbnail

The Loan Officer’s Guide to Appraisals Part 5:  What is bracketing and why do we do it?

Riverfront Appraisals

So far in our series, we’ve looked at final inspections, lending on unique homes, communication with the appraiser, and reconsiderations of value. This post is part five of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. So if this is […]. appeared first on Riverfront Appraisals.