Appraisals

An appraisal is an unbiased estimate of a home's true or fair market value. Challenges for banks include appraisal availability and a shrinking talent pool, and long-term changes will be required to address these and more fundamental problems with the current appraisal environment.

Banks report that the limited number of qualified appraisers willing to accept assignments in many of their markets poses challenges to the appraisal process--even when the bank is willing to pay a premium for the assignment.

News

NewsByte
HUD reverses Biden-era policies on appraisal review, disbands task force
July 11, 2025
Article
Reconsideration of value: A critical component of appraisal review
May 28, 2025
NewsByte
Banking agencies pause appraisal requirements to facilitate California wildfire recovery
April 15, 2025
NewsByte
FHA rescinds reconsideration of value policies on appraisals
March 20, 2025

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Reconsideration of Value (ROV) Best Practices

Credible, independent and unbiased appraisals are essential to the integrity of the real estate lending process. In this white paper, experts from government agencies, banks and other stakeholders offer suggested guidelines for the ROV process.

Download the White Paper