What You Need to Know About ROVs
What You Need to Know About ROVs
Library:
One estimate is that appraisals come in low 20% of the time. That means 2 of every 10 of your mortgage loans that are about to hit your pipeline are hearing about getting a ROV. How will you react to that request?
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BankersHub Membership
This is just an interagency proposal, but because your bank has compliance obligations today under anti-discrimination laws and regulations, if you do not already have a compliance and risk management plan to deal with this issue, this proposal will certainly help you with interim steps to comply. But this is “just” a proposal, right. It absolutely is, but that doesn’t mean you can afford to wait on addressing the issues.