Reconsidering How You Deal with ROVs: Making sense of reconsideration of value rule changes
New rules on requesting and processing reconsiderations of values (ROVs) were released by the government-sponsored entities (GSEs) and the Department of Housing and Urban Development (HUD) on May 1, 2024.1 Three months later, questions linger about the true impact of these changes on appraisers' work and the expectations of the GSEs, HUD, lenders, and borrowers.
In a high-level analysis, our panelists will share their perspectives on the following questions:
- Will ROVs become more common?
- What are the differences in the ROV process before and after the new policies?
- Tips for responding to ROVs
Webinar Speakers:
Brent A. Johnson, SRA, ASA, RAA, AI-RRS
President, Chief Appraiser
Res1 Valuation & Consulting, Inc.
Michelle Rogers, SRA
Chief Valuation Officer
New American Funding
Alison K. Smeltzer, SRA, AI-RRS
Real Estate Appraiser
Ditio, Inc.
Matt Terry, SRA
Owner/Appraiser
Appraisal Group of North Florida, LLC