Remove 2025 Remove Contracts Remove Reconsideration of Value
article thumbnail

FHA Appraisal ROV Q&As

Appraisal Today

And this ‘considered, not used’ aspect is also included as an optional item the appraiser can use in the upcoming dynamic reporting process for the new UAD & URAR that’s coming to the appraisal world in late 2025. In early 2025, business will finally pick up due to mortgage rate drops. Now is the time to plan your strategies.

article thumbnail

Common USPAP Appraiser Violations

Appraisal Today

Finally, the vendor’s use of the photos is limited by contract, with stiff penalties for violation. I’m always looking for something new = ROV, Part 2 By George Dell, SRA, MAI, ASA, CRE Excerpts: ROV (Reconsideration of Value) is now in the boat. trillion in 2025 ($2.26 Is it safe? What are the words?”

article thumbnail

Opinion: Mortgage lenders need to shore up training about the 2025 homebuyer incentives

Housing Wire

Handling a below-contract appraisal and request for reconsideration of value (ROV). Understanding exemptions to first-generation eligibility rules, such as heir’s property, undeveloped land, mobile homes, etc. Anticipating issues regarding rate lock and/or mortgage contingency expirations.

Training 435