Appraisals & Reconsiderations of Value (ROV)

Back in July 2024, Interagency Guidance was issued on “Reconsiderations of Value of Residential Real Estate Valuations”. The goal of this Guidance was to highlight …risks associated with deficient residential real estate valuations and…how financial institutions may incorporate reconsiderations of value (ROV) processes and controls into established risk management functions. It also provided …examples of policies and procedures that a financial institution may choose to implement to help identify, address, and mitigate the risk of discrimination impacting residential real estate valuations. It’s important to note that there is not a one-size-fits-all approach and institutions have flexibility to tailor their ROV processes to their risk profile.

Kevin explains more in the video.

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Published 2026/08/06

Kevin Edwards

Kevin brings years of experience and a unique perspective on regulatory matters to our clients. A self-proclaimed geek and accredited CRCM, Kevin is also a recovering attorney with experience as in-house counsel for a large regional bank and one of the leading national title insurance providers. For reasons unknown, Kevin decided to leave the safety and serenity of his desk job to seek fortune and glory as a wandering adventurer. Like a bank compliance version of Kwai Chang Caine, The Man with No Name or Don Quixote, he now travels the land seeking to help those in need and righting compliance wrongs, wherever he may find them. Kevin lives in Sioux Falls with his two children, who are surprisingly normal after having endured their father’s vivid imagination for their entire lives. He won’t admit to having any hobbies, because apparently “Regulations never sleep.” (While he does say this in his Batman voice, we’re pretty sure he’s joking.) From the looks of his Facebook page, he likes the outdoors and spending time with his large extended family (who seem like relatively normal people).

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