Streamline your reconsideration of value (ROV) process
Now is the time to implement new solutions and streamline your ROV processes to prepare for the Aug. 29, 2024, requirements deadline.
With ValidateROV™ from ICE, you can offer your borrowers a quick, transparent way to complete an ROV, while also helping to reduce costs and decrease turn times. This intuitive solution guides the borrower through the ROV process via a white-labeled mobile app, then leverages intelligent computer-vision capabilities and a condition-adjusted AVM to provide you with an automated, objective estimated price range for the property.
How it works:
Once the borrower accesses ValidateROV, they will follow a series of prompts to:
- Confirm property features from public records data
- Enter what they believe the property value should be
- Add addresses for comparables sales
- Enter damage or repairs information
- Self-rate the property condition and quality based on UAD standards
GPS tracking and time stamps will confirm all photos and data reflect the current state of the property.