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Click ‘Get Form’ to open the ROV form in the editor.
Begin by entering the Subject Property Address and Loan Number in the designated fields. If applicable, indicate whether this is an FHA appraisal and provide the Appraisal Date.
Fill in the Original Value and, if it's an FHA appraisal, include the FHA Case Number. Next, enter your name, company, and relationship to the property.
Select up to three comparable sales that you believe better represent the subject property. Ensure these comps adhere to guidelines provided in the form.
In the Reason for Dispute section, clearly state why you believe a reconsideration is warranted. Choose from options like incorrect data or better comps available.
Finally, review all entries for accuracy before submitting your completed form through our platform.
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ROV (Return on value) is the amount of value-Built-in (VBI) that an organization gains as a result of continuous improvement in new and existing people (employees), customer service delivery and platform technology respectively.
What is the meaning of ROV?
If you have concerns with the appraisal, your loan officer or banker will discuss the process to relook at the value, referred to as a Reconsideration of Value or ROV. The first step is to work with your loan officer or banker to submit information necessary to complete the ROV request.
What is an ROV 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.
What is an ROV form?
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.
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P-ROV. A P2PE Report on Validation completed by a P2PE Assessor. Company and (except with respect to Merchant-managed Solutions) submitted directly to PCI SSC
Comparable sales (not listings or pendings) must be provided on a grid (see attachment) that are superior to those selected by the appraiser (i.e. more
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