FAQS

How Does ROVPRO dramatically reduce the time to solve an appraisal dispute?

ROVPRO uses the original appraiser’s math and parameters to grade other comparable sales that might be used in an appraisal dispute or quality control review. The easy-to-understand results from ROV PRO are comprehensive leading to quick identification of inferior comparable sales.

AMC’s and lenders can focus reconsideration of value requests on those comparable sales that are similar enough to the subject property to warrant sending an ROV request to the original appraiser. An ROVPRO report contains PASS and FAIL grades on all comparable sales that are submitted and selected for analysis. This helps focus an appraiser to comparable sales that are statistically similar and have been graded with a PASS grade.

What is required by ROVPRO to utilize the system?

An XML version of the original appraisal. A lender or AMC must create a user account to begin submission.

Can I get a sample report of ROVPRO?

Yes. Please contact us for assistance.

Does ROVPRO contain nationwide data?

Yes.

How does a ROVPRO report help an AMC with Lender Requirements for handling appraisal disputes?

ROVPRO gives the appraisal dispute process consistency and transparency. Results are instant, and easy-to-understand reports can be sent to lenders detailing the findings in ROVPRO for quality control requirements.

ROVPRO provides independent third-party findings that assist in making better appraisal dispute decisions.

How does the ROVPRO help communicate its findings to other interested parties, like real estate agents, loan officers and homeowners?

Easy downloadable report that communicates clearly the reasons for grading each comparable sale as pass or fail. These reports are fact-based and help reduce the emotional component of the appraisal dispute process and resolution.