Reconsideration of Value (ROV): How the Process Actually Works
How to submit a reconsideration of value on a lender appraisal — what wins and what doesn't.
A reconsideration of value (ROV) is a formal request
A reconsideration of value (ROV) is a formal request that the appraiser and lender review additional information after the report is delivered. It is not an appeal in the legal sense.
ROV submissions that succeed are grounded in specific, ve…
ROV submissions that succeed are grounded in specific, verifiable evidence: better comparable sales the appraiser did not use, factual corrections about the subject property (living area, permit status, upgrades), and documentation of features that were not credited.
ROV submissions that fail typically argue about the value
ROV submissions that fail typically argue about the value conclusion in the abstract, rely on assessed values or realtor CMAs, or resubmit the same comparables the appraiser already considered.
Route the ROV through the mortgage broker or lender's
Route the ROV through the mortgage broker or lender's appraisal management channel — direct contact with the appraiser is generally not accepted and can compromise independence.
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