Housing Wire
FEBRUARY 24, 2023
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.
Appraisal Buzz
FEBRUARY 7, 2022
Desktop refers to a scope of work where the appraiser did not perform any level of viewing of the property and relied on other sources to gather property details. All three labels refer to the scope of work completed by the appraiser when completing the assignment. The announcement has been met with less enthusiasm by others.
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Appraisal Today
APRIL 5, 2024
Particularly when speaking about the workfile, for my money, the most dangerous words in USPAP are “or references to the location(s) of such other data, information, and documentation.” February 2024 marked a dynamic period in the housing market, presenting opportunities and challenges for real estate appraisers.
Appraisal Today
NOVEMBER 4, 2022
Practical real estate appraisal writing tips for AMC questions. Reconsideration of value and Appraisers. Mortgage Borrowers Can Challenge Inaccurate Appraisals Through the Reconsideration of Value Process. This process is often referred to as a “reconsideration of value” or “ROV.”
Housing Wire
MARCH 24, 2022
Fannie Mae and Freddie Mac referred requests to comment to the Federal Housing Finance Agency. Others may be reluctant to risk delaying or spoiling a time-sensitive real estate transaction with a fair housing complaint. Most complaints of undervaluation currently occur through the reconsideration of value process with lenders.
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