
On May 1, 2024, Fannie Mae in collaboration with Freddie Mac and HUD, published requirements related to a borrower-initiated reconsideration of value (ROV) that promote consistency when …
Only one borrower-initiated ROV is permitted per appraisal. After the loan is closed, an ROV is no longer permitted. The ROV process must not conflict with Appraiser Independence …
Request Form If you would like to raise any concerns about the property appraisal performed during the application process, please provide the details which support your basis for this …
Instructions: We welcome and encourage you to use the Appraisal Reconsideration process to bring to light any concerns you may have with the appraisal report. The lender (DE …
Borrower Initiated Reconsideration of Value (ROV) Procedures
Oct 31, 2024 · Fill out the ROV Request Form and provide detailed explanations of your appeal and attach supporting documentation. Submit Your Request: Send the completed form as …
• The completed ROV form with NO MORE than 5 confirmed comparable sales. • Comparable sales are defined as: Closed sales within the subject’s defined market area.
Reconsideration of Value
A Reconsideration of Value (ROV) is created by an applicant and is a request for the appraiser to reconsider the analysis and conclusion provided on the initial appraisal report. The applicant …
Note to Borrower: Please complete the Reconsideration of Value (ROV) required fields below and email to your designated Loan Officer and/or Processor. If you need assistance with the …
Solidifi Appraisal Appeal/Reconsideration of Value (ROV) Form All requests received will be delivered to your lender for review. If directed by your lender, the appeal/reconsideration of …
how to complete the form, contact [email protected] or your loan officer. Once the form is complete, please email the form and any supporting documentation to: General ROV request: …