ROV Request

Reconsideration of Value Request

Borrower Name*

Loan Officer Name*

Appraiser Name*

Loan Number*

ROV Request Date*

Date

Effective Date of Appraisal (Can be found on Appraisal)*

Date

Property Address*

In accordance with the Appraisal Independence Requirements (1026.42); if you would like to request a reconsideration of value (ROV) please complete the information below. Only one ROV request is permitted per appraisal report and cannot be submitted after the loan has closed.

Identify the unsupported, inaccurate, or deficient areas of the appraisal report. Examples include:

Correct and/or explain factual errors within the appraisal report.
Opinion of value is not supported.
Reflects prohibited discriminatory practices.

Please provide summary of your reasoning for the value appeal Include description and or photos to support claim. DO NOT PROVIDE LIST OF ADDITIONAL CLOSED SALES IN THIS SECTION.*

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Please provide additional data, information, and or comparable properties and the *related data sources that supports a Reconsideration of Value

(*IEMLS listing number)

If providing additional comparables for review, see next page and note the following:

Do not include sales that closed after the effective date of the appraisal and no more than 12 months old.
Do not include listing or pending sales.
Comparable sales should have similar characteristics including style of home, size of lot, square footage, bed/bathroom count, age, condition, and quality of construction
Above grade square footage of the comps should be +/- 20% of the subject.
If you live in a subdivision, neighborhood, condominium, PUD, recent sales in your development of similar homes are the most persuasive.
Your Loan Officer and/or Real Estate Agent may be able to assist in completing this form.

I/We have read and understand the Reconsideration of Value disclosure and have completed the Reconsideration of Value form using accurate and complete information.

Borrower Signature*

Date*

Date