Reconsideration of Value (ROV)
What the ROV process is, when it applies, and how Home Base facilitates compliant reconsideration requests without compromising appraiser independence.
What Is a Reconsideration of Value?
A Reconsideration of Value (ROV) is a formal request for an appraiser to review their opinion of value in light of specific new information — typically comparable sales that were available at the time of the appraisal but were not included in the original report.
ROVs are a legitimate part of the appraisal process and are governed by regulatory guidance from the FHFA, CFPB, and the GSEs. The process exists to correct genuine errors or omissions — not to pressure appraisers toward a predetermined value.
Appraiser independence is a foundational legal and regulatory requirement. Home Base facilitates ROV requests compliantly — forwarding documentation to appraisers without direction, influence, or pressure on the outcome.
Important: An ROV is not a mechanism for obtaining a higher value because a transaction is at risk. Requests that don't include specific, credible comparable data will be declined.
How the ROV Process Works
Submit Through Your Account Portal
Lenders initiate a formal ROV request through the AppraisalDesk client portal or via your designated account representative. All ROV requests must include supporting documentation.
Provide Supporting Comparable Sales
To be considered, an ROV must include specific comparable sales data that was reasonably available at the time of the appraisal and was not addressed in the original report — not general dissatisfaction with the value conclusion.
Home Base Reviews and Forwards
We review the request for completeness and regulatory compliance before forwarding to the original appraiser. We cannot direct or influence the appraiser's response to the ROV.
Appraiser Responds
The appraiser considers the submitted comps and provides a written response — either updating the report if the comps support a value revision, or explaining why the original conclusion is supported.
Common ROV Questions
Can a lender request an ROV because a value came in low?
No. A low value alone is not grounds for a reconsideration of value. ROV requests must be based on specific, credible comparable sales data that was available at the time of appraisal and was not considered in the original report. Requesting an ROV solely to pressure an appraiser toward a higher value is a violation of appraiser independence requirements.
Can a borrower request an ROV?
Under FHFA guidance, borrowers may submit a reconsideration of value request. The lender facilitates this request through the AMC, which forwards it to the appraiser. Borrower-initiated ROVs must also include supporting comparable data — not just a belief that the value is wrong.
How long does an ROV take?
Turnaround depends on the appraiser's schedule and the complexity of the additional data submitted. Home Base tracks all open ROV requests and follows up with appraisers to keep the process moving. Expect 2–5 business days in most cases.
Can the AMC influence the appraiser's ROV response?
No. Home Base facilitates the ROV process and ensures the request is properly submitted, but we cannot direct, pressure, or influence the appraiser's independent determination. Appraiser independence is a fundamental regulatory requirement.
Questions about an open ROV?
Existing clients can reach their account representative directly. New to Home Base? Our team can answer questions about how we handle ROV requests.