OS: Responding to a Reconsideration of Value (ROV)
Denver, CO November 14-15, 2024
99
Registration will begin at 1:45 pm. Class will be from 2:00 pm until 5:00 pm with one scheduled break.
Reconsideration of Value (ROV) requests are a common occurrence in mortgage lending appraisals, particularly in overheated markets with high buyer demand. This course is intended to assist appraisers in understanding the necessity for and best practices for responding to such a request in a sound and professional manner.
Special emphasis will be given on responding impartially, objectively, and without bias to the ROV, since there are proven methods for handling these requests while adhering to USPAP and applicable regulatory requirements, and maintaining a professional relationship with the client.
The course starts with a brief discussion of how ROVs play a valuable role in the appraisal and mortgage lending process, and proceeds to numerous case studies to demonstrate effective research, analysis and reporting strategies.
Special emphasis will be given on responding impartially, objectively, and without bias to the ROV, since there are proven methods for handling these requests while adhering to USPAP and applicable regulatory requirements, and maintaining a professional relationship with the client.
The course starts with a brief discussion of how ROVs play a valuable role in the appraisal and mortgage lending process, and proceeds to numerous case studies to demonstrate effective research, analysis and reporting strategies.