Watch this webinar recording and hear our experts dive deeper into the new reconsideration of value (ROV) requirements that go into effect Fall 2024. Our expert panelists will guide you through what changes you need to make in order to remain in compliance. The GSEs and FHA recently issued updates to their selling guides and appraisal requirements, outlining changes for lenders and appraisers concerning ROVs. These requirements have an implementation deadline, and this webinar will provide a clear and actionable guide to understanding what changes need to be made and how to make them.
You’ll learn:
• The impact of the new ROV guidelines on lenders
• How the borrower-initiated ROV process works
• Your responsibilities as a lender under the new guidelines, including: Notifying borrowers of their ROV rights, screening
ROV requests for compliance, maintaining appraiser independence, and more!
Speakers:
• John Dingeman, Chief Appraiser, Class Valuation https://www.linkedin.com/in/johndingeman/
• Brian Barnes Deputy Director, Home Valuation Policy Division, HUD
• Josh Walitt, Principal Consultant, Walitt Solutions https://www.linkedin.com/in/joshuawalitt/
🎥 Recording from June 28, 2024.
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Resources:
► For more information on ROVs, please visit: https://www.classvaluation.com/reconsideration/
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Leaders in Lending is an ongoing webinar series that will cover a variety of appraisal topics, so keep an eye on our social channels for the next one!
