Appraisal Buzz

JUNE 7, 2021

We also address how to handle scenarios where a party, such as a loan officer or listing agent, attempts to select or deselect the appraiser. Josh : Many times, alleged violations of valuation independence result from staff instructing the appraiser on value, adjustments, comp selection, and property ratings.

Training 366

Training Reconsideration of Value Valuation Clients 366

Riverfront Appraisals

JULY 29, 2021

This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process. So far, we’ve covered communication with the appraiser, reconsiderations of value, FHA appraisals and a few other topics you should definitely go check out.

Reconsideration of Value 100

Reconsideration of Value Appraisal Appraisal Process Loan Officers 100

Riverfront Appraisals

JULY 1, 2021

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

Appraisal Process 88

Appraisal Process Reconsideration of Value Bracketing Final Inspection 88

Riverfront Appraisals

JUNE 13, 2021

Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part six of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. The post The Loan Officer’s Guide to Appraisals Part 6: How are FHA Appraisals Different From Others? We’re halfway there!

Reconsideration of Value 80

Reconsideration of Value Final Inspection Bracketing Appraisal 80

Riverfront Appraisals

APRIL 30, 2021

Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part five of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. So far in our series, we’ve looked at final inspections, lending on unique homes, communication with the appraiser, and reconsiderations of value.

Bracketing 78

Bracketing Reconsideration of Value Final Inspection Appraisal 78

Annarbor Appraisal

SEPTEMBER 6, 2020

Lenders offer a formal “Reconsideration of Value” (ROV) process. Contact the loan officer for assistance in submitting an ROV, but remember these processes are mostly one-and-done, therefore be rational and compelling in that first submission. When a sale is involved, the valuation may be lower than contracted price.

Mortgage Appraisal 78

Mortgage Appraisal Appraisal Reconsideration of Value Mortgage 78

Cleveland Appraisal Blog

MARCH 30, 2021

When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. The number of professional reconsiderations of value coming in are increasing. My opinion of the market value of the home was very similar to its reproduction cost.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367