Appraisal Buzz
APRIL 9, 2025
This solution became essential for post-disaster inspections during hurricane season. Using mobile video streaming, Valligents virtual inspection team guides property contacts through the process, completing 1004D orders in hours. Virtual inspections cost less than half of the onsite alternatives and accelerate loan closings.
Housing Wire
MARCH 18, 2024
Validate ROV allows homeowners who have questions about lender-assigned home values to submit “reconsideration of value” requests with their phones. Consumers will supplement their requests with pictures of the property.
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Housing Wire
MAY 20, 2024
An extensive update was published to general reconsideration of value (ROV) requirements. This explains that damage inspections may be completed by “any FHA Roster Appraiser in good standing with geographic competence in the affected market.”
Appraisal Buzz
FEBRUARY 7, 2022
Lenders and stakeholders allowed for some level of inspection relief with these two new appraisal products. During 2020 and 2021 as the Covid-19 pandemic global pandemic disrupted our lives and the way we all do business, regulators, agencies, and the government sponsored enterprises allowed inspection relief in certain circumstances.
Housing Wire
JANUARY 3, 2023
To begin with, I applaud the flexibility of allowing desktop or drive-by appraisals, but at the same time this would seem to fundamentally alter the requirement of the appraiser to inspect the property to ensure Minimum Property Requirements (MPRs) are met.
Riverfront Appraisals
JULY 1, 2021
So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals. For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process. And, you’ll definitely […].
Riverfront Appraisals
JUNE 13, 2021
So far in our series, we’ve looked at final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value and bracketing. […]. This post is part six of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. We’re halfway there!
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