To give you an idea of what you're probably looking for, here's a picture I downloaded that's similar to my 26BH. Your trailer is new enough that's it's most likely a 2 valve system (they used to be 3).
In the 2 valve system the water gets redirected in to the bypass line. The 3 valve systems used on/off valves, not "redirecting" valves. The picture should help you visualize the system and see how the flow gets redirected to the bypass line.
note: In this picture, one of the valves is hidden...you can see the bottom one, and the other is at the top, but on the backside of the T.
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