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Intercontinental Exchange (ICE) Mortgage Technology introduced two new tools, Validate ROV and Validate Selector, to its growing suite of property valuation solutions, the company announced on Monday. Regulators are paying close attention to valuations for many valid reasons.
Policies related to appraisal appeals, or reconsiderations of value (ROV), were rescinded Wednesday by the Federal Housing Administration (FHA). Additionally, homes in Black communities are undervalued by an estimated 21% to 23%, translating to $162 billion in lost equity for Black homeowners.
Concerns of racial bias , a lack of standardization for consumers in the reconsideration of value process and unclear authority in the governance structure are all present amidst increased requests from lenders for a more efficient process that provides value certainty sooner. Is “better” good enough as a starting point?
In contrast, a C4 condition applies to a home that’s adequately maintained, has slight deferred maintenance and minor physical wear and tear, and may need cosmetic or minor repairs. He is a certified general appraiser with more than 30 years of experience in valuation, appraisal and collateral risk management concerns.
Similar school districts, especially in areas where schools significantly impact homevalues. Within a similar competitive market area (if no sales are available in the subject’s neighborhood or subdivision): ie, an area with similar quality, style, and price range of homes.
Reconsideration of value and Appraisers. Is there any way to mitigate the risk and improve the property value? Building homes at a higher elevation will help. Regression results suggested that every foot of elevation can increase homevalue by 1.6% value to property. We all like free Liability advice!
This will save time, especially when consumers request a Reconsideration of Value. Potential homebuyers are quite sensitive to these rate changes, as affordability is strained with both higher rates and higher homevalues in this supply-constrained market.” Search for Sweeney to find it in the long post.
By Tom Horn Excerpts: Why Accuracy Matters Square footage is one of the most critical factors in determining a homesvalue, yet it is often misunderstood. The March 2025 issue of Appraisal Today has a very comprehensive article for appraisers: Can you use the assessors assessment values for site valuation, by Tim Andersen, MAI.
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