Appraisal Process Mortgage Reconsideration of Value 
Housing Wire
OCTOBER 21, 2024
Another regulator has sued Rocket Mortgage for allegedly discriminating against a Black homeowner by undervaluing her home during an appraisal in Colorado three years ago. “The law’s intent is to determine the home’s value without any input or bias from the lender or any other party with interest in the transaction.”
Housing Wire
JANUARY 18, 2023
The GSEs have looked at the demand side and tried to reduce the number of mortgages that require a full appraisal or require an appraisal that takes less time from the appraiser. The most important step we can take to ensure a faster appraisal is to find ways to bring appraisers back as partners in the process.
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Housing Wire
JANUARY 3, 2023
When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect. A fundamental change.
Appraisal Buzz
MAY 6, 2024
Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), and government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac are now allowing home appraisals to get a second look when bias is suspected in the appraisal process.
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 Buzz
FEBRUARY 7, 2022
Let’s take some time to reintroduce Desktop Appraisals and explore the risks that are presented when a Desktop Appraisal is requested of an appraiser as part of the mortgage application process. Appraisal Labels. Appraisers rely on standards of practice and processes. interior and exterior).
McKissock
DECEMBER 28, 2021
“While 2022 is expected to continue to be a good year for the housing market, it will not be as exceptional as 2021,” predicts Jo Traut, appraisal curriculum and content specialist at McKissock Learning. Mortgage rates are expected to rise, but still remain attractive and reasonable. So, many markets may cool off.”. Paul, Minn.).
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