Kairos Appraisal Services

FEBRUARY 1, 2023

The good news is that a reconsideration… The post What Is a Reconsideration of Value for an Appraisal Report? With increased interest rates and declining home sales, there’s plenty to be nervous about—and there’s still the home appraisal, which can derail any mortgage deal if it comes in “low.” appeared first on Kairos.

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Reconsideration of Value Appraisal Housing Market Sellers 105

Housing Wire

AUGUST 6, 2024

A policy designed for lenders to review and respond to borrower-initiated reconsideration of value (ROV) requests for appraisals — originally scheduled to be implemented between Aug. 29 and Sept. 2 — has been pushed back to Oct.

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Reconsideration of Value Appraisal Valuation Design 429

Appraisal Buzz

JANUARY 13, 2025

Given the new rules around Reconsiderations of Value (ROVs), greater credibility, accuracy, reliability, reproducibility, and transparency can be nothing but a benefit to the appraiser, to the appraisers client, and to the Public.

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Real Estate Appraisal Appraisal Process Reconsideration of Value 359

George Dell

JUNE 5, 2024

Editor’s Note: To read the entire Row, Row, ROV series, and a few more posts on Reconsideration of Value, click here. ROV (Reconsideration of Value) is ostensibly motivated by bias issues, as well as other […] The post Row Row ROV? We used to just swim, now we have a rowboat and an oar!

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Reconsideration of Value 195

McKissock

NOVEMBER 16, 2021

To help you out, we’ve put together some practical information to strengthen your responses to a mortgage lender’s appraisal appeal, called a reconsideration of value (ROV). In the end, if the information provided justifies a reconsideration of value, then revise the appraisal report accordingly.

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Reconsideration of Value Appraisal Clients Real Estate Agent 91

Housing Wire

JUNE 9, 2023

The proposed guidance advises on policies that financial institutions may implement to allow consumers to provide financial institutions with information that may not have been considered during an appraisal or if deficiencies are identified in the original appraisal ,” the announcement states.

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Real Estate Reconsideration of Value Valuation Law 388

Appraisal Buzz

JUNE 7, 2021

Buzz : How should AMCs handle a reconsideration of value (ROV)? Josh : If the AMC knows how to handle a revision request, they already know how to handle a reconsideration of value (ROV). That’s because a reconsideration of value is merely a specific type of revision request.

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Training Reconsideration of Value Valuation Appraisal 366

Housing Wire

AUGUST 11, 2020

Most AMCs offer a process called a Reconsideration of Value Request, or ROV, that when properly presented, encourages the appraiser to review the work based on additional appropriate data submitted.

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Housing Market Appraisal Reconsideration of Value Marketing 540

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.

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Reconsideration of Value Appraisal Real Estate Insurance 98

Realtor

APRIL 14, 2025

Submit a Reconsideration of Value (ROV) request to the lender: Youll likely have to do this through the buyer. The appraiser may have overlooked aspects related to comparable properties, or they might not have noticed certain upgrades, says Schulz.

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Sellers Appraisal Reconsideration of Value Real Estate Agent 154

Housing Wire

MARCH 24, 2022

Most complaints of undervaluation currently occur through the reconsideration of value process with lenders. Others may be reluctant to risk delaying or spoiling a time-sensitive real estate transaction with a fair housing complaint.

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Appraisal Reconsideration of Value Valuation Government 498

George Dell

MAY 22, 2024

ROV (Reconsideration of Value) is now in the boat. Is it safe? We suspect this will be a long row to get to the chosen island. Just row! It is likely this topic will be the focus of more of our “analog blog” series. To read part one of this series or other blog post […] The post Row Row ROV?

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Reconsideration of Value Appraisal 195

Housing Wire

MARCH 23, 2022

One challenge in assessing the scope of appraisal bias is rooted in the informal process of challenging an appraised value. HUD will now use the VA’s reconsideration of value process as a model and track reconsideration of value processes for Federal Housing Administration lenders.

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Appraisal Reconsideration of Value Valuation Government 430

Housing Wire

MAY 20, 2024

An extensive update was published to general reconsideration of value (ROV) requirements.

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Reconsideration of Value Mortgage Inspection Insurance 441

Housing Wire

JULY 3, 2024

Department of Housing and Urban Development (HUD) — will be updated to accommodate the implementation of a new Reconsideration of Value (ROV) policy for appraisals.

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Appraisal Reconsideration of Value Insurance Mortgage 321

Riverfront Appraisals

APRIL 2, 2021

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 […].

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Reconsideration of Value Appraisal Appraisal Process Property Appraisal 78

Appraisal Buzz

SEPTEMBER 6, 2022

Appraisers have been dealing with Reconsideration of Value (ROV) requests from clients for decades. However, in the past couple of years, the industry has experienced a significant increase in the number of ROV requests as well as the sources of the requests.

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Reconsideration of Value Real Estate Clients Development 195

Appraisal Buzz

APRIL 9, 2025

In 2024, Veros partnered with a key government agency to develop iVALUATION, a powerful platform that streamlines Reconsideration of Value (ROV) research and property valuation analysis.

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Valuation Inspection Technology Real Estate 243

Housing Wire

JANUARY 18, 2023

There are several ways we can do that from how we allocate orders, set fee schedules, and handle reconsiderations of values. We have a fully embedded quality control tool, but we also have other tools that help with reconsideration of values and evaluating reports. C) Appraisal Quality.

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Appraisal Reconsideration of Value Appraisal Process Technology 388

Housing Wire

MARCH 23, 2023

HUD also announced this week that it had awarded $54 million in grants across 42 states designed to curb appraisal bias.

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Appraisal Valuation Reconsideration of Value Training 388

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.”. That process varies from lender to lender.

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Government Appraisal Reconsideration of Value Lending 370

Housing Wire

JULY 1, 2024

These entities have implemented measures allowing homeowners to request reconsideration of appraisals, aiming to ensure fairness and accuracy. Moreover, tools like Fannie Mae’s Collateral Underwriter® (CU®) have been introduced to enhance the scrutiny of appraisal data.

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Appraisal Reconsideration of Value Technology Tools 417

Housing Wire

APRIL 6, 2021

Most AMCs offer a process called a Reconsideration of Value Request, or ROV, that when properly presented, encourages the appraiser to review the work based on additional appropriate data submitted,” Johnson told HousingWire in August.

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Appraisal Reconsideration of Value Real Estate Agent Sellers 540

Appraisal Buzz

MAY 6, 2024

The rule change will enable borrowers to request a re-assessment of the appraised value of their property if they believe that the appraisal was inaccurate or biased, HUD says in a release. Our new policies will arm homeowners, lenders, and FHA with a clear process to address biased or inaccurate appraisals.”

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Reconsideration of Value Valuation Appraisal Appraisal Process 150

Birmingham Appraisal

JUNE 3, 2025

The answer is that while reconsideration of value (ROV) is an option, it may not be as simple as just ordering another appraisal. Whether its renegotiating the price, requesting a reconsideration of value, or helping the seller make adjustments, your ability to navigate these challenges will establish you as a trusted advisor.

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Agents Reconsideration of Value Appraisal Appraisal Process 81

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.

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Appraisal Process Appraisal Reconsideration of Value Valuation 387

National Association of Realtors

FEBRUARY 3, 2023

NAR joined a group of industry and consumer groups in a response to the FHA's request for comment on its proposed revision to a mortgagee letter on reconsideration of value (ROV).

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Reconsideration of Value 59

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. I’m grateful that nearly half of my work these days is not for lending purposes.

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Housing Market Marketing Reconsideration of Value Appraisal 370

Appraisal Buzz

AUGUST 26, 2024

iVALUATION is designed for the needs of mortgage originators, home equity lenders, appraisal reviewers, investors, and a wide array of other housing finance professionals and is particularly helpful for navigating the complexities of Reconsideration of Value (ROV) claims processes.

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Valuation Tools Reconsideration of Value Real Estate 195

Housing Wire

JANUARY 3, 2023

When it comes to establishing market value, I think the VA appraisal at present determines this as well as any other. When value is not achievable in the opinion of the appraiser — both Tidewater and Reconsideration of Value allow more protective flexibility for the borrower than any other loan type.

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Modernization Real Estate Agent Appraisal Process Reconsideration of Value 80

Birmingham Appraisal

JUNE 24, 2025

The Appraised Value Is Always Final Appraisals can be challenged, with supporting information. If you believe the appraiser missed something important, you can submit a Reconsideration of Value. This might include new sales, overlooked updates, or corrections to property data. But opinions need facts, not just opinions.

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Appraisal Reconsideration of Value Contracts Inspection 68

National Association of Realtors

SEPTEMBER 19, 2023

The ROV process is critical for consumers to raise questions about potential errors or omissions in an appraisal and fundamental to confidence in the process. Check out NAR's comments to the Consumer Financial Protection Bureau (CFPB) and the bank regulators.

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Reconsideration of Value Appraisal 62

Walitt Solutions

JULY 9, 2024

Borrower-Initiated Reconsiderations of Value (ROV) Policies Fannie Mae, Freddie Mac, and HUD recently released Borrower-Initiated Reconsiderations of Value policy changes to their Guides and Handbook, which impact lenders, appraisers, AMCs, and… consumers!

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Reconsideration of Value Appraisal Valuation Real Estate 41

Clear Capital

OCTOBER 7, 2024

We’re excited to share some important updates regarding the Reconsideration of Value (ROV) process. A Reconsideration of Value (ROV) is a request for an appraiser to review and potentially revise the appraisal based on new or additional information provided by the borrower. What is a borrower-initiated ROV?

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Reconsideration of Value Appraisal Law Valuation 36

Appraiserblogs

DECEMBER 21, 2021

Related Posts: Requests for Reconsiderations.appraisers continue to receive requests for reconsiderations on a daily basis. White Paper: Requests for Reconsiderations The paper states that…. Reconsideration of Value Requests Open invitation for spurious reconsideration requests. No thank you.

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Reconsideration of Value Law Appraisal Clients 132

Appraisal Buzz

DECEMBER 10, 2024

During his testimonies on Capitol Hill, Kelker discussed various ways SingleSource and other appraisal management companies (AMCs) approach Reconsideration of Value (ROV) requests, bias in the industry, and appraisal waiver programs.

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Reconsideration of Value Valuation Real Estate Appraisal 195

Riverfront Appraisals

JULY 29, 2021

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. This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process.

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Reconsideration of Value Appraisal Appraisal Process Loan Officers 100