ROV Overview - Adobe PDF
This 1 page document provides a high level summary that explains the borrower Reconsideration of Value (ROV) Process. The summary provides a brief overview of the ROV process, the lender's responsibility, and how you can use technology to automate the process with 100% compliance.
Borrower Disclosure - MS Word Template
Initial Borrower Disclosure: Inform borrowers about their right to request an ROV during the loan application process with the appraisal. Appraisal Delivery: Provide a copy of the appraisal report along with a detailed explanation of the ROV process and how to initiate a request.