Understanding appraisal bias and reconsideration of value expectations

The Interagency Guidance on Reconsideration of Value (ROV) sets rules and expectations for how lenders should handle reassessment requests. Understanding ROV expectations is essential to help ensure valuations remain fair, accurate, and error- and bias-free.

This webinar explores the reassessment process and explains how to manage, review and process reconsideration requests in compliance with federal ROV guidelines and market standards.

You’ll learn:

• Recent enforcement actions to help you manage risk and avoid penalties.
• Best practices for establishing clear and effective ROV processes.
• Strategies for communicating your ROV process to applicants.
• Compliant approaches for handling complaints.

Your institution needs a strong ROV process to support its fair lending practices. Watch this webinar to understand regulators’ and investors’ expectations — and plan for compliance.