Reading the actual guideline text below — never a general AI guess

A Reconsideration of Value is a formal request for an appraiser to take another look at the property value they originally estimated, either because there may be reporting problems in the appraisal, the wrong comparison properties were chosen, or new information has come to light that should affect the valuation. When this happens—whether the borrower asks for it or an underwriter does—the appraiser has to review whatever new material information or market data is provided and write up their analysis of it in a revised appraisal report, even if they ultimately decide the original value didn't need to change. Fannie Mae and the VA handle these requests somewhat differently: VA gives borrowers a written process to request reconsideration after the appraisal comes out, while Fannie Mae requires lenders to disclose the ROV process to borrowers when they deliver the appraisal report. The paperwork trail matters too—lenders must keep documentation in the loan file showing what happened with the ROV, not just what started it.

Straight from Fannie Mae URAR/UAD 3.6, HUD/FHA Handbook 4000.1, FHFA ROV Guidance, VA Lenders Handbook Pamphlet 26-7, and Fannie Mae Selling Guide — nothing added.

GSEs Revise Appraisal Reconsideration of Value Requirements

Fannie Mae and Freddie Mac revised ROV requirements effective September 3, 2025, eliminating dual disclosure and streamlining documentation retention for ROV outcomes.

FHA and FHFA Release New Appraisal Reconsideration Policies

FHA and FHFA announced policies enabling borrowers to request re-appraisal if they believe bias or deficiencies were involved, with lender disclosure and underwriter training requirements.