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How long does an appraisal revision take?

After the Appraisal Order: An AMC's review department will look over the appraisal and ask the appraiser for any clarification or additional comps if needed. Appraisers typically are asked to complete revisions in 1-2 days.

How long does a VA reconsideration of value take?

The FPED should issue a decision within 24 days. You have the option to appeal the FPEB decision, which will take 10 days. If you disagree with the rating after the appeal, you can request a VA rating reconsideration (VARR).

What is ROV in appraisal?

A Reconsideration of Value, or ROV, is the process in which you file an appraisal value dispute. The Reconsideration of Value comes into play when an appraiser's opinion of value is not agreed upon by the parties involved in the transaction.

How successful is a reconsideration of value?

Just as surprising, roughly 24% of all value reconsideration requests result in the appraiser changing his or her opinion of value. This percentage remains constant year-over-year. When it comes to ROV, it is also important for appraisers to keep the perspective of who their client is.