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We also address how to handle scenarios where a party, such as a loanofficer or listing agent, attempts to select or deselect the appraiser. Josh : Many times, alleged violations of valuation independence result from staff instructing the appraiser on value, adjustments, comp selection, and property ratings.
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.
This entire year, I’ve been blogging once a month with the purpose of assisting loanofficers to better understand the appraisal process. So far, we’ve covered communication with the appraiser, reconsiderations of value, FHA appraisals and a few other topics you should definitely go check out.
For the past six months, I’ve been blogging with the purpose of assisting loanofficers to better understand the appraisal process. So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals.
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