New Policy requirements for Reviews of Valuation go into effect August 29th, 2024.

Mortgage Industry and Law Firms
15/07/2024
New Policy requirements for Reviews of Valuation go into effect August 29th, 2024.

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Episode Synopsis

The Agencies are implementing requirements related to reconsideration of value (ROV) that promote consistency when a perceived appraisal issue and/or appraisal deficiency exists. These requirements also recognize the importance of the Borrower having the knowledge and opportunity to request an ROV.   These policies must be implemented on or before August 29, 2024. As a broker, lender, or … Continue reading New Policy requirements for Reviews of Valuation go into effect August 29th, 2024.

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