[silver fox]

I appraised a property recently through an outstate lender who supplied me with an HUD Case number. Evidently the client did not approve of the lender tactics and wants to change lenders. Is the Case # assigned to me or to the lender? Can I reappraise the property using the same case number but a different lender? Urgent reply requested.

[Thomas Fiehler]

The case # follows the property but the original lender should assign it to the new lender. You should nor reappraise it unless it's been to long ago and HUD will then assign it a new #.

[silver fox]

Thanks for the info. I only appraised it about 2weeks ago. Can I expect some grief from the loser lending company and perhaps they will refuse to assign it to the new lender? I have never had this happen before.

[c w d]

It's my understanding that the case number is assigned to the property and the lender and appraiser is assigned to the case number. I.E. The case number cannot be reassigned to another property. But another appraiser or lender can be reassigned to the case.

[Michael Tipton]

As indicated below, lender transfers are between lenders. The case number is active for 6 months. I included a pdf file for your reference and future use (send to the lenders, etc).

Chapter 2

Mortgage Credit Guidelines

Page 2-17

The transferring lender must make the transfer electronically utilizing FHA Connection. Only if extenuating circumstances exist, will HUD endorsement technicians transfer a case number to a new lender. In those instances, an assignment letter must be sent to the attention of an endorsement technician in the HUD Homeownership Center (HOC) to make the necessary changes in CHUMS, noting that this is an exception and stating the reason why the lender is unable to affect the transfer themselves.

If a lender will not transfer a case number, but the borrower wants to work with a new lender, the new lender should:

(1) Send the letter to the HOC specifically outlining the steps they have taken to accomplish the transfer;

(2) List what fees (if any) the original lender has requested;

(3) Provide a resolution to that request for payment for services, along with a letter signed by the borrower stating they want to work with the new lender.

If your borrower has requested a transfer in writing, the lender must comply with their request as outlined in HUD Handbook 4000.2, 4-2A. No separate charge(s) to the borrower are authorized for the transfer of case numbers.

If the transferring lender is uncooperative, prior to contacting HUD, your Branch Manager should attempt to resolve the situation.

Please see: HUD Handbook 4000.2, 4-2 for additional information regarding transfers of case numbers, appraisals and Master Appraisal Reports (MAR).

[OSU Beavers]

This is happening everyday now. I vote for a sticky.

Of course there is NOTHING to stop the second lender from throwing away your first appraisal and getting their own Skippy to give them a "better" FHA appraisal on the property!

[Marcia Langley]

Lenders that are approved by HUD/FHA have to follow their rules.

Once an appraisal has been logged in to the FHA system, the new lender is obligated by their FHA rules to request the appraisal from the first lender and the first lender is obligated by their FHA rules to forward the appraisal to the new lender. This is all accomplished between the banks and has nothing to do with the appraiser.

Other issues may arise but it's clear that, once logged into the FHA system, the first lender will not fail to send the appraisal to the second lender without having to answer to FHA.

[Couch Potato]

Originally Posted by OSU Beavers

This is happening everyday now. I vote for a sticky.

Of course there is NOTHING to stop the second lender from throwing away your first appraisal and getting their own Skippy to give them a "better" FHA appraisal on the property!

Yes there is something to stop that. While it is possible to get HUD to reassign a case number to a new appraiser, and it is possible to convince HUD to allow a new appraisal to be performed, it take a great deal more than just a loan officer wanting it to happen.

[OSU Beavers]

Once the first lender sees his deal is dead, why would he bother to "log" the appraisal in the system?

[Couch Potato]

Originally Posted by OSU Beavers

Once the first lender sees his deal is dead, why would he bother to "log" the appraisal in the system?

They won't know that until they have the appraisal. They won't have the appraisal until they have assigned the case number to the appraiser. Why would the first lender risk their ability to make FHA loans by claiming the appraisal was never done? It is just too easy for an appraiser to prove the job was indeed done. Even if the first lender was to deny an appraisal was completed, the second lender can't just reassign the case number to another appraiser. They are going to have to provide justification for the reassignment.

Anything is possible, but if the appraiser does their job properly it is highly unlikely a lender will be able to just get a second appraisal from their local skippy.