We have received your Reconsideration of Value submission.

The Bank’s Appraisal Management team receives the completed ROV form, and will ensure the required information is completed and/or request additional information through your loan officer if needed. The Appraisal Management team will also review the ROV form to ensure the request is acceptable and doesn’t violate the Appraisal Independence Requirements. The ROV form will then be submitted to the appraiser. The appraiser, as an independent valuation professional, will consider the additional information and determine whether the initial appraisal report will be changed. Your loan officer will inform you of the ROV results. After submission of the ROV form the process generally takes less than 10 business days.