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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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5 Best Practices for Dealing with Reconsiderations of Value & Revision Requests

DataMaster

Yes, we’re talking about reconsideration of value (ROVs) and revision requests. Keep in Mind that Revision Requests aren't Always about Value While value is the principal reason for revision requests, it isn’t the only one (except for reconsideration of value requests).

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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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5 Best Practices for Dealing with Reconsiderations of Value & Revision Requests

DataMaster

Yes, we’re talking about reconsideration of value (ROVs) and revision requests. Keep in Mind that Revision Requests aren't Always about Value While value is the principal reason for revision requests, it isn’t the only one (except for reconsideration of value requests).

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ICE unveils two new property valuation solutions

Housing Wire

Validate ROV allows homeowners who have questions about lender-assigned home values to submit “reconsideration of value” requests with their phones. Consumers will supplement their requests with pictures of the property.

Valuation 411
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loanDepot settles appraisal bias lawsuit 

Housing Wire

The changes include communicating to applicants that they have the right to request a reconsideration of value (ROV); explaining why an ROV is denied or the valuation is unchanged; and training its credit, valuation and customer service staff on the topic.

Appraisal 422
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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).