Appraisal Today

SEPTEMBER 9, 2022

Excerpts: Suggested protocols for responding to Reconsideration of Value requests. Click here to listen to Tim Andersen, MAI’s podcast, “Reconsiderations of Value: Satan’s Own Seed, Right?” The post Reconsideration of Value and Appraisers appeared first on Appraisal Today. By Greg Stephens, SRA, AI-RRS.

Reconsideration of Value 52

Reconsideration of Value Appraisal Mortgage Contracts 52

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 […].

Reconsideration of Value 78

Reconsideration of Value Appraisal Property Appraisal Real Estate 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.

Reconsideration of Value 195

Reconsideration of Value Appraisal Real Estate Clients 195

Appraisal Buzz

OCTOBER 4, 2021

As an appraiser, I knew the value came in low, so I asked to submit a reconsideration of value. The appraiser agreed with my viewpoint and increased his opinion of value by $100,000. RECONSIDERATIONS OF VALUE. I have to imagine that, for the homeowner, reconsiderations of value are opaque.

Appraisal 397

Appraisal Reconsideration of Value Valuation Mortgage 397

Housing Wire

MARCH 9, 2021

The finance giant will also begin training home lending advisors and client care specialists in the reconsideration of value process and fair lending issues related to appraisals. Under the conciliation agreement , JPMorgan will pay the homeowner, a Black woman, $50,000.

Appraisal 482

Appraisal Reconsideration of Value Valuation Appraisal Process 482

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.

Appraisal 366

Appraisal Reconsideration of Value Training Valuation 366

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.

Appraisal 352

Appraisal Appraisal Process Reconsideration of Value Valuation 352

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.

Appraisal 388

Appraisal Reconsideration of Value Valuation Government 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.

Appraisal 343

Appraisal Valuation Reconsideration of Value Property Appraisal 343

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.

Appraisal 485

Appraisal Reconsideration of Value Valuation Appraisal Process 485

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 Process 307

Appraisal Process Appraisal Reconsideration of Value Valuation 307

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.

Appraisal 540

Appraisal Housing Market Reconsideration of Value Property Appraisal 540

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.

Appraisal 358

Appraisal Government Reconsideration of Value Lending 358

Valuation Review

JANUARY 10, 2022

Valuation Review caught up with Clear Capital’s Chief Appraiser John Brenan to discuss the topic of Reconsideration of Value (ROV). Brenan detailed the common reasons ROVs get requested and what appraisers need to know and can expect during this process. Read on for more of our conversation.

Appraisal 78

Appraisal Reconsideration of Value Valuation Review Valuation 78

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.

Appraisal 100

Appraisal Reconsideration of Value Appraisal Process Loan Officers 100

Housing Wire

NOVEMBER 30, 2021

Reconsideration of Value (ROV) process. Our industry must support appraisal diversity initiatives, recruit more minorities into the vocation, and increase incentives and opportunities for valuation professionals. Borrowers should always have the opportunity for appraisals to be reconsidered in an unbiased fashion.

Appraisal Process 425

Appraisal Process Appraisal Modernization Valuation 425

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.

Reconsideration of Value 119

Reconsideration of Value Appraisal Law Clients 119

McKissock

SEPTEMBER 6, 2022

Appraisers have been dealing with Reconsideration of Value (ROV) requests from clients for decades. This appears to be due, in large part, to the unprecedented upward price trending in virtually all real estate markets around the country and the challenges appraisers face when developing opinions of current most probable market values.

Reconsideration of Value 72

Reconsideration of Value Appraisal Appraisal Process Valuation 72

Riverfront Appraisals

JULY 1, 2021

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 […].

Appraisal Process 88

Appraisal Process Appraisal Reconsideration of Value Final Inspection 88

Riverfront Appraisals

JUNE 13, 2021

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.

Appraisal 80

Appraisal Reconsideration of Value Final Inspection Loan Officers 80

Riverfront Appraisals

APRIL 30, 2021

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.

Bracketing 78

Bracketing Appraisal Reconsideration of Value Final Inspection 78

McKissock

MARCH 21, 2023

Current Topics with the VA In this recorded webinar, James Heaslet, Chief Appraiser for the Department of Veterans Affairs, and Jeffrey Hogan, Vice-President at Veros Real Estate, discuss desktop appraisals, reconsiderations of value, and the ways that the VA is monitoring appraisal quality.

Appraisal 91

Appraisal Reconsideration of Value Real Estate Business 91

Cleveland Appraisal Blog

SEPTEMBER 10, 2022

Reconsideration of Value and Appraisers – APPRAISAL TODAY. Reconsideration of Value and Appraisers – APPRAISAL TODAY. Exploring Life & Business with Jamie Owen of Aspen Appraisal Services – VoyageOhio Magazine. Is the Sun Setting on High Prices? – DW Slater Appraisal Blog.

Appraisal 195

Appraisal Reconsideration of Value Finance Technology 195

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.

Housing Market 366

Housing Market Appraisal Marketing Reconsideration of Value 366

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.

Appraisal 540

Appraisal Real Estate Agent Real Estate Reconsideration of Value 540

McKissock

DECEMBER 28, 2021

One possibility being discussed is a standardized reconsideration of value process that a property owner can utilize if they believe their house was undervalued by an appraiser. The top ones are reconsideration of values, and growing prevalence of desktop appraisals. These are expected to be significant and far-reaching.

Appraisal 96

Appraisal Reconsideration of Value Property Appraisal Real Estate 96

McKissock

FEBRUARY 13, 2023

James and Jeff will cover current VA appraisal topics including desktop appraisals, reconsiderations of value, and the ways that the VA is monitoring appraisal quality. Don’t miss this FREE update on VA appraisal topics on Wednesday, February 22nd from 11am-12pm ET. Sign up now.

Appraisal 85

Appraisal Real Estate Reconsideration of Value Property Appraisal 85

McKissock

JUNE 22, 2021

Job aid: How to Respond to a Reconsideration of Value Request. The useful and practical information within this guide is intended to enhance and strengthen your responses to a mortgage lender’s appraisal appeal, called a reconsideration of value. Webinar: Basics of the HP12c and Its Usage in Appraisal.

Appraisal 52

Appraisal Reconsideration of Value Real Estate Real Property 52

McKissock

FEBRUARY 13, 2023

James and Jeff will cover current VA appraisal topics including desktop appraisals, reconsiderations of value, and the ways that the VA is monitoring appraisal quality. Invest in your professional development with one-hour, non-credit webinars presented by experts. View Pro-Series webinars.

Appraisal 52

Appraisal Real Estate Reconsideration of Value Property Appraisal 52

McKissock

JANUARY 8, 2021

This initiative has significantly reduced the number of formal Reconsideration of Value (ROV) requests received by the VA. Tidewater gives the lender (or another party to the transaction) the opportunity to provide relevant data to the appraiser to support the sale price before the appraisal report is submitted to the VA.

Appraisal 59

Appraisal Reconsideration of Value Appraisal Process Contracts 59

Appraisal Today

APRIL 7, 2023

Comps??? == Reconsiderations of Value and What to Do About Them By Danielle Lopez This reconsideration of value has already set me back 30 minutes. The review and analysis of the lender-selected sales are completely irrelevant to the report and opinion of value.

Appraisal 52

Appraisal Property Taxes Reconsideration of Value Mortgage 52

McKissock

JANUARY 8, 2021

This initiative has significantly reduced the number of formal Reconsideration of Value (ROV) requests received by the VA. Tidewater gives the lender (or another party to the transaction) the opportunity to provide relevant data to the appraiser to support the sale price before the appraisal report is submitted to the VA.

Appraisal 52

Appraisal Reconsideration of Value Appraisal Process Contracts 52

Appraisal Buzz

FEBRUARY 7, 2022

Lenders will need to understand implications to any policies, procedures, or practices associated with reconsiderations of value or the decision to obtain another appraisal. timing and cost), will have implications on the risks associated with any decisions further down the loan process line.

Appraisal 435

Appraisal Mortgage Inspection Real Estate 435

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. Don’t Take it Personally or Get Personal—Don’t Go There. So, let’s define it. Recap #0: Do: Remain professional.

Appraisal 78

Appraisal Reconsideration of Value Agents Real Estate Agent 78

Appraisal Today

NOVEMBER 4, 2022

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.” The ads regularly get the largest number of “hits,” indicating that readers like them.

Appraisal 52

Appraisal Mortgage Reconsideration of Value Inspection 52

Housing Wire

AUGUST 29, 2022

We are not going to try to second-guess what the appraiser is saying, but we have a very robust system in place for reconsideration of value requests and disputes. The way we approach it, when we review for quality, we are looking for certain broad parameters within the comps.

Appraisal 370

Appraisal Valuation Modernization Reconsideration of Value 370

Annarbor Appraisal

SEPTEMBER 6, 2020

Lenders offer a formal “Reconsideration of Value” (ROV) process. When a sale is involved, the valuation may be lower than contracted price. This begs the question, what, if anything, can the consumer do about it?

Mortgage Appraisal 78

Mortgage Appraisal Appraisal Mortgage Real Estate Agent 78