Information Property Appraisal Reconsideration of Value 
Housing Wire
AUGUST 6, 2024
A policy designed for lenders to review and respond to borrower-initiated reconsideration of value (ROV) requests for appraisals — originally scheduled to be implemented between Aug. 29 and Sept. 2 — has been pushed back to Oct.
Empire Appraisal Group
MAY 9, 2024
New Requirements Aim to Reduce Appraisal Bias The new Reconsideration of Value policy requires lenders to provide a pathway for borrowers to request reviews of home appraisal valuations. Also, underwriters should be trained to identify and remedy appraisal deficiencies, including racial and ethnic bias.
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McKissock
DECEMBER 28, 2021
Appraisers recently contacted by McKissock tend to agree that the profession will go generally well in 2022, with no major changes to the real estate market and no events on the horizon that could seriously upset appraisers’ business. Desktop appraisals, with information provided by third-party hirelings, may increase.
Appraisal Today
JULY 12, 2024
It’s not just about acquiring designations but staying informed about market dynamics, industry changes and emerging trends. At the center lies this crucial inquiry: Are only essential requirements included in the Real Property Appraiser Qualification Criteria? Appraisals are ordered after the loan application.
Housing Wire
MAY 1, 2024
Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) announced a new policy on Wednesday that will enable mortgage borrowers to “request a re-assessment of the appraised value of their property if they believe that the appraisal was inaccurate or biased,” according to an announcement from HUD.
Housing Wire
NOVEMBER 30, 2021
Our industry must support appraisal diversity initiatives, recruit more minorities into the vocation, and increase incentives and opportunities for valuation professionals. Reconsideration of Value (ROV) process. Borrowers should always have the opportunity for appraisals to be reconsidered in an unbiased fashion.
Appraisal Buzz
JANUARY 17, 2025
Modernized all 50 states, territories, and the District of Columbia on HUD.gov , reducing pages from 2,500 to 100, featuring a streamlined, trauma-informed design that enhances accessibility to vital resources like affordable housing services, disaster recovery assistance, and homeownership support, empowering communities nationwide.
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