Reconsideration of value form 2026

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The document outlines the requirements for submitting a Reconsideration of Value (ROV) request regarding a Notice of Value (NOV). It specifies that requests must be in writing, submitted to the lender, and can only be made once. Changes exceeding a 10% increase require a field review. The document details the necessary documentation for requests based on different sales data or disagreements with appraisal analysis, including providing comparable sales data, MLS cut sheets, and narratives explaining the rationale for the request. It also provides submission instructions for properties within the Denver Regional Loan Center jurisdiction.

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Click ‘Get Form’ to open the reconsideration of value form in the editor.
Begin by filling out your personal information at the top of the form, including your name, contact details, and property address.
In the section for comparable sales data, provide up to three comparable properties that are superior to those selected by the appraiser. Use the attached grid format to input relevant details such as sale price and closing date.
Attach MLS printouts for each comparable sale to verify your data. Ensure these documents include all pertinent sales information.
Craft a concise narrative explaining why you believe these comparables are superior. This will assist in clarifying your request during review.
If disputing appraisal analysis, include a narrative outlining specific disagreements and attach any supporting documentation.
Review all entries for accuracy before submitting your request via email as specified in the instructions.

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What is the success rate of reconsideration of value?

Reconsideration of Value (ROV) Playbook The ROV process offers your best chance for appraisal adjustment without renegotiation. With proper preparation, ROV requests achieve approximately 24% success rates.

What is the success rate of mandatory reconsideration?

The Governments figure for the mandatory reconsideration success rate is under 20%.

What is the success rate of ROV?

With a 24% success rate for reconsideration of value (ROV) requests and multiple negotiation options, buyers can successfully navigate this challenge using our step-by-step approach.

How to submit a reconsideration of value to the VA?

If you believe that your appraisal is too low, you can request a Reconsideration of Value (ROV). An ROV is a request to reassess the analysis and conclusions based on additional information that may affect the appraisers opinion of the value of the property as stated on the appraisal report.

Does reconsideration of value work?

Nevertheless, there will always be subjective conclusions in an appraisal that can be disputed. Another disclaimer: reconsiderations of value will not always work. In fact, the majority of reconsideration requests do not result in a change in value.

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What is a reconsideration of value request?

An ROV is a request to the appraiser to reconsider the analysis and conclusions of his or her appraisal based on information not presented on the appraisal report. Only your lender may request an ROV from an appraiser on your behalf.

How long does ROV take?

FAQs About Reconsideration of Value (ROV) How long does the Reconsideration of Value (ROV) process take? Several days to a couple of weeks, depending on the lender and complexity.

Reconsideration of value form 2026

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What is the success rate of reconsideration of value?

What is the success rate of mandatory reconsideration?

What is the success rate of ROV?

How to submit a reconsideration of value to the VA?

Does reconsideration of value work?

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What is a reconsideration of value request?

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