A reconsideration of value is a formal request submitted to an appraiser or appraisal management company asking that a completed appraisal be reviewed based on new or overlooked evidence — typically additional comparable sales, factual errors or material omissions in the original report.
An ROV is not an opportunity to challenge a value conclusion simply because it falls short of expectations. Requests must be supported by specific, verifiable information that was either unavailable or not considered during the original analysis. Fannie Mae and Freddie Mac have issued formal guidance reinforcing that lenders and borrowers cannot pressure appraisers to change conclusions without legitimate supporting evidence.
For loan originators, a well-documented ROV can resolve valuation gaps without requiring a new appraisal. Appraisers are obligated to consider the submitted evidence but are not required to change their conclusion if the original analysis remains supportable.