McKissock

NOVEMBER 16, 2021

With rapid price growth and price bidding wars in hot real estate markets, an increase in appraisal appeal requests is likely. To help you out, we’ve put together some practical information to strengthen your responses to a mortgage lender’s appraisal appeal, called a reconsideration of value (ROV).

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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.

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Housing Wire

AUGUST 11, 2020

Most AMCs offer a process called a Reconsideration of Value Request, or ROV, that when properly presented, encourages the appraiser to review the work based on additional appropriate data submitted.

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Housing Market Appraisal Reconsideration of Value Marketing 540

Housing Wire

APRIL 6, 2021

But not everybody has the ability to tap friends and family or investments when the appraisal and the final sale price don’t match – many deals have fallen apart as a result, loan originators and real estate agents said.

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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.

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Housing Wire

JANUARY 3, 2023

It may be that many of the loan originators and real estate agents calling for major changes to the VA appraisal process are be those with the least amount of first-hand experience with the VA product. When it comes to establishing market value, I think the VA appraisal at present determines this as well as any other.

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Appraisal Buzz

AUGUST 26, 2024

Valuations firm Veros Real Estate Solutions has introduced iVALUATION , a new platform that provides housing finance professionals with the quick insights they need to be confident in the accuracy of a property valuation. iVALUATION is poised to transform property analysis in the industry.”

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Housing Wire

FEBRUARY 24, 2023

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.

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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 […].

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Cleveland Appraisal Blog

MARCH 30, 2021

When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. The number of professional reconsiderations of value coming in are increasing. How to Fight Real Estate Agents’ Appraiser Blacklisting – APPRAISAL TODAY.

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Appraisal Buzz

DECEMBER 10, 2024

Kelker, who has nearly four decades experience in the real estate finance industry, spent more than a decade at SingleSource mentoring employees and contributing to the companys growth. Kelker has been a leading figure in the appraisal industry renowned for his involvement in shaping valuation regulation.

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Appraisal Buzz

FEBRUARY 7, 2022

After years of accumulating, cultivating and refining data, there is a greater understanding of real estate data in its current form, and the risks associated with the integrity of data are more measurable and better understood than ever. We live in a world that is transitioning from the Information Age to the Digital Age.

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Walitt Solutions

JULY 9, 2024

Borrower-Initiated Reconsiderations of Value (ROV) Policies Fannie Mae, Freddie Mac, and HUD recently released Borrower-Initiated Reconsiderations of Value policy changes to their Guides and Handbook, which impact lenders, appraisers, AMCs, and… consumers!

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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. Conclusion I hope that these insights and tips have been helpful and informative for you as a real estate agent.

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Real Estate Agent Real Estate Agents Reconsideration of Value 87

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?

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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. The top ones are reconsideration of values, and growing prevalence of desktop appraisals.

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Appraisal Reconsideration of Value Real Estate Property Appraisal 96

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 […].

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Appraisal Process Reconsideration of Value Final Inspection Appraisal 88

Cleveland Appraisal Blog

SEPTEMBER 10, 2022

Reconsideration of Value and Appraisers – APPRAISAL TODAY. Reconsideration of Value and Appraisers – APPRAISAL TODAY. Exploring Life & Business with Jamie Owen of Aspen Appraisal Services – VoyageOhio Magazine. Is the Sun Setting on High Prices? – DW Slater Appraisal Blog.

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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.

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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.

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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.

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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.

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Bracketing Reconsideration of Value Final Inspection Appraisal 78

McKissock

MARCH 21, 2023

Plus, we’re adding to our library each month so that you get the most current and relevant info to grow your real estate appraisal career. McKissock’s Unlimited Learning Members enjoy 24/7 access to a wide variety of online appraisal classes, webinars, videos, podcasts, checklists, job aids, and other resources.

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McKissock

FEBRUARY 13, 2023

McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “Current Topics with the VA,” featuring a discussion with James Heaslet, Chief Appraiser for the Department of Veterans Affairs and Jeffrey Hogan, Vice-President at Veros Real Estate Solutions.

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McKissock

JUNE 22, 2021

Plus, we’re adding to our library each month so that you get the most current and relevant information to grow your real estate appraisal career. Assessment appeal work provides a great opportunity to diversify your appraisal practice as local taxing authorities receive numerous complaints about overvalued real estate properties.

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Annarbor Appraisal

SEPTEMBER 6, 2020

The first thing to remember as a consumer or real estate agent, is that the client is the lender, not the consumer. Lenders offer a formal “Reconsideration of Value” (ROV) process. Remember the appraiser’s client is the lender, not the consumer or the real estate agent. Do not be confrontational.

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Mortgage Appraisal Appraisal Mortgage Reconsideration of Value 78

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.

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Birmingham Appraisal

FEBRUARY 20, 2024

Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between real estate agents and appraisers can be a touchy subject. On one hand, the real estate agent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.

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Agents Appraisal Real Estate Agent Bracketing 95

McKissock

FEBRUARY 13, 2023

McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “Current Topics with the VA,” featuring a discussion with James Heaslet, Chief Appraiser for the Department of Veterans Affairs and Jeffrey Hogan, Vice-President at Veros Real Estate Solutions.

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Appraisal Reconsideration of Value Valuation Real Estate 52

Birmingham Appraisal

MARCH 26, 2025

Pricing a listing correctly is one of the most critical skills a real estate agent can develop. When this happens you will need to go through the lender and complete a reconsideration of value (ROV). What Makes a Good Comp? List it too low, and the seller may leave money on the table.

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Agents Appraisal Reconsideration of Value Real Estate Agent 58

Birmingham Appraisal

SEPTEMBER 15, 2022

Other nontraditional uses for an appraisal include valuation for insurance companies, helping sellers arrive at a market value to list their home, estate planning, and tax appeals. This often involves contacting a party to the sale such as the buyer, seller, or real estate agent who was involved in the sale.

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Appraisal Today

JULY 26, 2024

A Reality Check Southernmost House in Continental U.S. Is for Sale in Key West (It’s Next to the Buoy) for $18.5 million Mortgage applications decreased 2.2

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Appraisal Today

APRIL 7, 2023

Becoming a Go-to Appraiser for Realtors during a Confusing Time in the Industry Real estate agents and appraisers are taught different methods of valuation both in qualifying and continuing education as well as in the field. We also asked a panel of property-tax experts for practical and political insight.

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Appraisal Property Taxes Reconsideration of Value Contracts 52

Appraisal Today

FEBRUARY 23, 2024

NOTE: Please scroll down to read the other topics in this long blog post on residential fee appraiser testifies at bias hearing, what happens to Fannie complaints, Why I love real estate appraising, unusual homes, mortgage origination stats, etc. == Concrete Chateau Artisan Rising From a Lake in Miami FL Is Available for $21.8M

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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. built in 1825 Excerpts: 8 bedrooms, 5.5+

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Appraisal Today

JULY 12, 2024

Valuing Appraiser Professionalism: A Blueprint for Survival By Jo Traut, McKissock Learning Excerpts: Having spent nearly three decades in the field of real estate appraisal, I’ve witnessed firsthand the evolution of our profession, particularly with respect to technological advancements. I got it for MLS access.

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Housing Wire

JULY 18, 2024

(FDIC), the Federal Reserve Board , the National Credit Union Administration (NCUA) and the Office of the Comptroller of the Currency (OCC) — announced on Thursday finalized guidance that is designed to address “reconsiderations of value (ROVs) for residential real estate transactions,” according to an announcement.

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