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.

Reconsideration of Value 69

Reconsideration of Value Appraisal Real Estate Insurance 69

Housing Wire

MARCH 26, 2024

The changes include communicating to applicants that they have the right to request a reconsideration of value (ROV); explaining why an ROV is denied or the valuation is unchanged; and training its credit, valuation and customer service staff on the topic.

Appraisal 361

Appraisal Reconsideration of Value Valuation Mortgage Appraisal 361

Housing Wire

JANUARY 24, 2022

The report also called on the government-sponsored enterprises to release parts of their vast trove of appraisal data, and urged lenders, the government, the GSEs and the Appraisal Foundation to standardize the reconsideration of value process, which currently lacks “any legal structure.”.

Government 369

Government Appraisal Reconsideration of Value Lending 369

DataMaster

JUNE 2, 2023

Yes, we’re talking about reconsideration of value (ROVs) and revision requests. Keep in Mind that Revision Requests aren't Always about Value While value is the principal reason for revision requests, it isn’t the only one (except for reconsideration of value requests).

Reconsideration of Value 145

Reconsideration of Value Valuation Clients Legal 145

DataMaster

JUNE 2, 2023

Yes, we’re talking about reconsideration of value (ROVs) and revision requests. Keep in Mind that Revision Requests aren't Always about Value While value is the principal reason for revision requests, it isn’t the only one (except for reconsideration of value requests).

Reconsideration of Value 78

Reconsideration of Value Valuation Clients Legal 78

Appraisal Today

NOVEMBER 4, 2022

They really appreciate it, and it ensures you can complete assignments on time as you had planned (no one likes waiting for a legal description only to have it show up on your day of 4 inspections!). Reconsideration of value and Appraisers. To read more, including the full legal document and appraiser comments, click here.

Reconsideration of Value 52

Reconsideration of Value Appraisal Inspection Advertising 52

Portland Appraisal Blog

APRIL 14, 2019

Usually this is done via a document known as a “reconsideration of value” (ROV for short). What is a Reconsideration of Value? In short, a reconsideration of value is another appraisal. If any of the above points are all valid for your deal it could result in a different value conclusion.

Appraisal 78

Appraisal Reconsideration of Value Agents Market Value 78