Remove Clients Remove Reconsideration of Value Remove Valuation
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Free Webinar: Components of AMC Training by Josh Walitt

Appraisal Buzz

Certain states require AMC staff to receive training to ensure they understand valuation independence regulations as well as other statutory requirements. Josh : I am a compliance and valuation consultant based in Colorado. Josh : The Annual Compliance Training is designed to meet requirements of clients and regulators.

Training 366
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The appraisal gap is complicating deals across the country

Housing Wire

How hybrid title and valuations help increase lending efficiency. For example, one client had a home under contract for $983,000 and the list/appraised value was just $900,000, the LO said. But the most important thing is educating clients from day one. She recently had a deal fall apart due to appraisal.

Appraisal 540
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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). USPAP prohibits an appraiser from discussing the results of an appraisal with anyone other than the client or parties designated by the client.

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Rocket Companies’ Bill Emerson on HUD lawsuit: ‘We want the correct party responsible, not us’

Housing Wire

Emerson: This was a three-time Rocket client. Why would we not want to help a three-time client? At the end of the day, the client didnt like the appraisal. We offered a reconsideration of value twice to the client. The appraisal came in lower than it did previously.

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. For appraisers, Section II.D.2.

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SingleSource Chief Risk Officer Kelker Announces Retirement

Appraisal Buzz

Kelker has been a leading figure in the appraisal industry renowned for his involvement in shaping valuation regulation. House and Senate staff on valuation issues. As Chief Risk Officer, his ability to analyze complex situations and provide strategic advice has been critical in reducing risk for both SingleSource and its clients.

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The Housing Market Has Become Like the Pymatuning Spillway

Cleveland Appraisal Blog

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. Good agents know this.