We found several sample “Reconsideration of Value” or similar forms, which are linked in the resources below.

Additionally, we note that the CFPB recently published an article stating that a “lender’s reconsideration of value process must ensure that all borrowers have an opportunity to explain why they believe that a valuation is inaccurate and the benefit of a reconsideration to determine whether an adjustment is appropriate.”

For resources related to our guidance, please see:

• U.S. Department of Veterans Affairs, Reconsideration Grid Form

• Class Appraisal, Reconsideration of Value Form

• Dart Appraisal, Appraisal Appeal Form

• JMAC Lending, Appraisal Reconsideration of Value (ROV) Form

• CFPB, Mortgage Borrowers Can Challenge Inaccurate Appraisals Through the Reconsideration of Value Process (October 6, 2022) (“Responsible lenders focused on serving their customers typically will provide borrowers with clear, actionable information about how to raise concerns about the accuracy of an appraisal. A lender’s reconsideration of value process must ensure that all borrowers have an opportunity to explain why they believe that a valuation is inaccurate and the benefit of a reconsideration to determine whether an adjustment is appropriate. While an individual lender’s reconsideration of valuation process may vary, lenders must make sure that their reconsideration of value process is nondiscriminatory and available and accessible to all.”)