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.
Published 2026/08/06