Aug. 27–Understanding the New FHFA & HUD ROV Policy: Implications
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About the Event
Reconsideration of Value (ROVs) are critical requests from financial institutions to reassess property values, crucial for ensuring appraisal credibility and mitigating discrimination risks. Federal regulatory agencies released definitive guidance concerning ROVs in transactions involving residential real estate. Effective from Aug. 29, 2024, for GSE loans and Sept. 2, 2024, for FHA loans, these new requirements significantly impact how lenders handle appraisal reviews and communications.
Join MBA Education and industry experts for a in depth discussion to understand the regulatory landscape, learn effective implementation strategies, and explore best practices to optimize your institution’s ROV processes in alignment with the latest regulatory standards. Participants will gain practical knowledge on ensuring compliance, optimizing internal operations, and effectively managing appraisal challenges under the new regulations.
Date/Time
Tuesday, Aug. 27 (2:00 PM – 3:00 PM ET)
Objectives
• Analyze the New ROV Requirements
• Implement Effective Disclosures and ROV Requests
• Integrate ROV Process into QC Plans
• Enhance Appraisal Communication Protocols
• Optimize Internal Operations for ROV Compliance
Experience Level
• Entry-Level
• Intermediate
• Advanced
Target Audience
• Appraisers
• Compliance Officers
• Risk Management Professionals
Speaker(s)
• Moderator: Darnell Peterson, MPP, AMP, Manager, Loan Production Policy, Housing Finance Policy, Mortgage Bankers Association
• Joshua Weinberg, CMCP, President, Firstline Compliance, LLC
• Jerra Ryan, CMCP, Senior Vice President, Firstline Compliance, LLC
• Nick Richtman, Vice President and Assistant General Counsel, U.S. Bank
