Appraisal Buzz

JUNE 7, 2021

In 2015, I designed the Market Machine, a technological tool used by appraisers and other valuation professionals. Buzz : How should AMCs handle a reconsideration of value (ROV)? Josh : If the AMC knows how to handle a revision request, they already know how to handle a reconsideration of value (ROV).

Training 366

Training Reconsideration of Value Valuation Appraisal 366

Housing Wire

MARCH 23, 2022

One challenge in assessing the scope of appraisal bias is rooted in the informal process of challenging an appraised value. HUD will now use the VA’s reconsideration of value process as a model and track reconsideration of value processes for Federal Housing Administration lenders.

Appraisal 448

Appraisal Reconsideration of Value Valuation Government 448

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.”

Reconsideration of Value 459

Reconsideration of Value Mortgage Inspection Insurance 459

Housing Wire

JULY 1, 2024

In light of market fluctuations and regulatory changes, mortgage lenders face significant challenges in today’s market. Instances of discriminatory practices, where appraisal values differ significantly based on the perceived race of the homeowner, have highlighted a deep-seated problem.

Appraisal 435

Appraisal Reconsideration of Value Technology Tools 435

Appraisal Today

MAY 10, 2024

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.

Reconsideration of Value 77

Reconsideration of Value Appraisal Real Estate Insurance 77

Housing Wire

APRIL 6, 2021

The gap between appraisal and what buyers are willing to pay in one of the wildest real estate markets in modern history has created friction between agents, lenders and appraisers working under stressful conditions. I’ve seen a house listed at $1.7 million and sell for $2.03 million,” he added. He worries about what the future holds.

Appraisal 540

Appraisal Reconsideration of Value Real Estate Agent Sellers 540

Appraisal Buzz

SEPTEMBER 6, 2022

Appraisers have been dealing with Reconsideration of Value (ROV) requests from clients for decades. This appears to be due, in large part, to the unprecedented upward price trending in virtually all real estate markets around the country and the challenges appraisers face when developing opinions of.

Reconsideration of Value 195

Reconsideration of Value Real Estate Clients Development 195

Housing Wire

JANUARY 18, 2023

There are several ways we can do that from how we allocate orders, set fee schedules, and handle reconsiderations of values. We have a fully embedded quality control tool, but we also have other tools that help with reconsideration of values and evaluating reports. C) Appraisal Quality.

Appraisal 397

Appraisal Reconsideration of Value Appraisal Process Technology 397

Riverfront Appraisals

APRIL 2, 2021

The post The Loan Officer’s Guide to Appraisals Part 4: Tips for a Successful Reconsideration of Value appeared first on Riverfront Appraisals. This blog is part four of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. But don’t let the name fool you. Even though we’re […].

Reconsideration of Value 78

Reconsideration of Value Appraisal Appraisal Process Property Appraisal 78

Housing Wire

JANUARY 3, 2023

I do believe there are issues in rural markets that lead to lengthy delays that are difficult for homebuyers in a normal functioning market, but what about the burden of proof? However, in several rural markets there is failure to meet this standard as appraisers may not even accept the order for weeks.

Modernization 83

Modernization Real Estate Agent Appraisal Process Reconsideration of Value 83

Housing Wire

JANUARY 24, 2022

Until recently … the appraisal industry seems to have escaped the type of regulation and scrutiny faced by other participants in the mortgage market,” the authors wrote. Appraisal complaints are most often made directly to the lender, when a borrower asks for a reconsideration of value. That process varies from lender to lender.

Government 370

Government Appraisal Reconsideration of Value Lending 370

Clear Capital

OCTOBER 7, 2024

We’re excited to share some important updates regarding the Reconsideration of Value (ROV) process. A Reconsideration of Value (ROV) is a request for an appraiser to review and potentially revise the appraisal based on new or additional information provided by the borrower. What is a borrower-initiated ROV?

Reconsideration of Value 36

Reconsideration of Value Appraisal Law Valuation 36

Appraisal Buzz

FEBRUARY 7, 2022

The markets perceived no additional risk in transactions where the appraiser signing off on the valuation of the collateral being utilized for a credit decision did not physically inspect the property. Additionally, there was a healthy dose of government stimulus involved to ensure there would be no disruption in the capital markets.

Appraisal 435

Appraisal Inspection Development Technology 435

Cleveland Appraisal Blog

SEPTEMBER 10, 2022

Andrea Gibbs is the Content Manager at SpringHive Web Agency , a company that offers web design services, maintenance, and Internet marketing. She specializes in content marketing, social media, and SEO. Reconsideration of Value and Appraisers – APPRAISAL TODAY. Author bio. Is the Sun Setting on High Prices?

Reconsideration of Value 195

Reconsideration of Value Appraisal Technology Finance 195

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 […].

Appraisal Process 88

Appraisal Process Reconsideration of Value Final Inspection Appraisal 88

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! appeared first on Riverfront Appraisals.

Reconsideration of Value 80

Reconsideration of Value Final Inspection Appraisal Bracketing 80

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. Housing market trends for 2022. So, many markets may cool off.”. Tampa, Fla.),

Appraisal 96

Appraisal Reconsideration of Value Real Estate Property Appraisal 96

Riverfront Appraisals

APRIL 30, 2021

So far in our series, we’ve looked at final inspections, lending on unique homes, communication with the appraiser, and reconsiderations of value. This post is part five of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. So if this is […]. appeared first on Riverfront Appraisals.

Bracketing 78

Bracketing Reconsideration of Value Final Inspection Appraisal 78

Appraisal Buzz

JULY 17, 2024

Meanwhile, several looming threats could potentially pull out the cushion completely, including rising “hidden” homeownership costs of insurance and property taxes in many markets, rising delinquency rates for consumer debt such as credit cards and auto loans, and falling values and rising defaults in segments of the commercial real estate market.

Appraisal 221

Appraisal Modernization Property Taxes Reconsideration of Value 221

Birmingham Appraisal

JUNE 13, 2023

Appraisal Tips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. You can also explain why some sales are not comparable, such as different market conditions, motivations, or concessions.

Real Estate Agent 87

Real Estate Agent Real Estate Agents Reconsideration of Value 87

Portland Appraisal Blog

APRIL 14, 2019

All the work getting the property ready for listing, the extensive marketing, the numerous showings, the sometimes tedious offer evaluations has paid off. Usually this is done via a document known as a “reconsideration of value” (ROV for short). What is a Reconsideration of Value? That’s not the case here.

Appraisal 78

Appraisal Reconsideration of Value Agents Market Value 78

McKissock

JUNE 22, 2021

Job aid: 16 Current Events That Point to a Declining or Increasing Real Estate Market Trend. In general, it is difficult to recognize a bubble market while it is in progress. Likewise, it is hard to identify the point whereby a bubble market starts to stagnate and bursts.

Reconsideration of Value 52

Reconsideration of Value Appraisal Real Estate Retail 52

Town & Country Residential Appraisals

OCTOBER 21, 2024

It’s called a Reconsideration of Value (ROV) , and it’s a tool that can save the deal, reduce buyer stress, and make real estate agents look like heroes. In today’s real estate market, knowing when and how to use an ROV could be the key to closing more deals. Keep it in your toolkit—you never know when you might need it!

Appraisal 57

Appraisal Reconsideration of Value Valuation Real Estate Agent 57

Birmingham Appraisal

MARCH 26, 2025

List a home too high, and it sits on the market, developing a stigma that can lead to lowball offers. To get it right, many agents rely on a Comparative Market Analysis (CMA), but appraisers take this process a step further by applying specific guidelines when selecting comps (appraisal comparable).

Agents 58

Agents Appraisal Reconsideration of Value Real Estate Agent 58

Annarbor Appraisal

SEPTEMBER 6, 2020

Lenders offer a formal “Reconsideration of Value” (ROV) process. Caveat is that sometimes an older sale that is highly similar will be the best indicator, if the adjustments for changing market conditions are analyzed and made. When a sale is involved, the valuation may be lower than contracted price.

Mortgage Appraisal 78

Mortgage Appraisal Appraisal Mortgage Reconsideration of Value 78

Appraisal Today

AUGUST 9, 2024

Market Value and Appraised Value: Exploring Various Appraisal Values By Jo Traut Excerpts: You’ve probably been asked about the difference between “market value and appraised value” by clients seeking a mortgage. We don’t provide an appraised value of a property.

Appraisal 70

Appraisal Reconsideration of Value Insurance Market Value 70

Birmingham Appraisal

FEBRUARY 20, 2024

While agents and appraisers cannot discuss value we can talk about the property and why they may have priced it at what they did. One tool the agent uses to price the property is the Comparative Market Analysis or CMA, and by sharing this with the appraiser they can better understand what went into the agent’s pricing strategy.

Agents 95

Agents Appraisal Real Estate Agent Bracketing 95

Appraisal Today

OCTOBER 18, 2024

FHA Q&A on ROV Policy One of America’s Biggest Homes Hits the Market for $195 Million UAD/URAR Threat, Opportunity, Confusion, Part 2 By George Dell, MAI, SRA Why didn’t the appraiser add the ADU in the square footage? The Market Composite Index, a measure of mortgage loan application volume, decreased 17.0 50,000 sq.ft.

Appraisal 66

Appraisal Reconsideration of Value Insurance Contracts 66

Appraisal Today

JULY 26, 2024

Market Conditions Analysis Market conditions analysis is the backbone of an appraisal. This analysis is the study of market area conditions and the changes in price levels over time… It’s important to note from a development perspective that market conditions must be analyzed on every appraisal assignment.

Appraisal 85

Appraisal Valuation Reconsideration of Value Contracts 85

Appraisal Today

APRIL 7, 2023

NOTE: Please scroll down to read the other topics in this long blog post on ROVs, non-lender appraisals, appraisal business, unusual homes, mortgage origination stats, etc. == Amazing Guitar-Shaped House in Georgia Currently off market. Was listed for $748,000 in 8/22. Needs lots of work 4 bed 3 bath 2,818 square feet, 2 acre lot.

Appraisal 52

Appraisal Property Taxes Reconsideration of Value Contracts 52

Birmingham Appraisal

SEPTEMBER 15, 2022

Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. There is always the possibility that the appraisal value is less than the contract price. Appraisal vs Home Inspection.

Appraisal 98

Appraisal Inspection Appraisal Process Real Estate Agent 98

Appraisal Today

NOVEMBER 4, 2022

Reconsideration of value and Appraisers. Excerpts: As residential property prices plateau or decline in various markets and as borrowers have financial problems with fewer financing options, there are more legal claims being filed by borrowers against appraisers and lenders in relation to appraisals for loans made in recent years.

Reconsideration of Value 52

Reconsideration of Value Appraisal Inspection Advertising 52

Appraisal Today

APRIL 5, 2024

More significantly, loanDepot.com agreed to an extensive revamping of: (a) its reconsideration of value practices; (b) fair housing/non-discrimination training requirements; (c) statistical tracking of appraisal outcomes; and (d) training and contractual requirements for AMCs and appraisers. to 7% range observed since December.

Appraisal 81

Appraisal Contracts Business Construction 81

Appraisal Today

JULY 12, 2024

It’s not just about acquiring designations but staying informed about market dynamics, industry changes and emerging trends. I had never taken a class in economics, marketing, data analysis, financial analysis, etc. Specifically, the 1007 calls for the “Indicated Monthly Market Rent.”

Appraisal 71

Appraisal Design Contracts Business 71

Appraisal Today

FEBRUARY 23, 2024

I also have some market recap visuals to unpack what’s been happening in 2024 so far. The truth is there are portions of 2021 and 2022 where prices are exactly the same as today too, so if I use an older comp, I don’t always need to adjust for the way the market has changed. Market conditions is the easiest adjustment to make.

Appraisal 71

Appraisal Real Estate Contracts Reconsideration of Value 71

Appraisal Today

SEPTEMBER 9, 2022

Excerpts: Suggested protocols for responding to Reconsideration of Value requests. Click here to listen to Tim Andersen, MAI’s podcast, “Reconsiderations of Value: Satan’s Own Seed, Right?” So, don’t say something open ended like: “the intended use is to provide a fair market value of the property.”

Reconsideration of Value 52

Reconsideration of Value Appraisal Clients Contracts 52

Housing Wire

MARCH 9, 2021

The finance giant will also begin training home lending advisors and client care specialists in the reconsideration of value process and fair lending issues related to appraisals. “They are specialists in the specific regions and use market-based comparisons to come up with a value.

Reconsideration of Value 482

Reconsideration of Value Appraisal Valuation Appraisal Process 482