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Lenders can use reconsideration of value to improve appraisal accuracy

HousingWire argues that data-backed reconsideration requests can correct factual errors and surface better comparable sales, making valuations more defensible for borrowers and appraisers.

Reported · Written up by our desk · Mortgages

Reconsideration of value requests are becoming more common in the mortgage lending process, and lenders can use them as a tool to add clarity rather than a source of tension, HousingWire said.

In practice, the outlet notes that the most effective ROVs are grounded in clear, relevant data, such as identifying comparable sales that better reflect the subject property, correcting factual discrepancies, and referencing recently closed transactions.

HousingWire also says lenders are well positioned to streamline ROV resolution by prioritizing data and documentation, which can make the process more collaborative and transparent among lenders, appraisers, and borrowers.

The outlet adds that borrower-initiated reconsiderations reflect a broader push toward transparency, and lenders can improve outcomes by reviewing and refining borrower input to distinguish market-supported concerns from common misconceptions.

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