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How to Respond to a Reconsideration of Value Request

Appraisal Buzz

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). The post How to Respond to a Reconsideration of Value Request appeared first on Appraisal Buzz. While the ROV process is.

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What Is a Reconsideration of Value for an Appraisal Report?

Kairos Appraisal Services

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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CFPB Reminds Lenders to Have a Clear Reconsideration of Value Process

McKissock

The Consumer Financial Protection Bureau (CFPB) recently posted an article to remind financial institutions that they must have a reconsideration of value process in place, and that the process should be clear and actionable. Plus, check out McKissock’s livestream CE course, Responding to a Reconsideration of Value (ROV).

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What Is a Reconsideration of Value for an Appraisal Report?

Kairos Appraisal Services

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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How to Respond to a Reconsideration of Value Request

McKissock

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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NAR Asks FHA To Collaborate With Other Regulators on New Reconsideration of Value Proposal

National Association of Realtors

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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HUD is developing an appraisal review process to investigate racial bias

Housing Wire

HUD’s in-development appraisal review process, which was announced on Thursday, is part of the Reconsideration of Value (ROV), the FHA policy that lenders must follow when a borrower raises concerns about unlawful discrimination in residential property valuations.

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