Joshua Fookes
Junior Member
- Joined
- Jan 15, 2003
- Professional Status
- Certified General Appraiser
- State
- California
If you fall under the Santa Anna Home Ownership Center jurisdiction (all of California and 7 other states), here is contact information where to send comp check requests that clearly indicate a property is for FHA.
They don't want loan officers bringing the sub-prime tactics into FHA. So, if/WHEN you receive a request for a comp check and the request says FHA. Send your documentation here:
Bobbie Borland
US Department HUD
Santa Anna Federal Building Room 7015
34 Civic Center Plaza, Santa Anna, CA 92701
If you have it in digital format:
email it to:
bobbie. l . borland @ HUD . gov(remove the spaces)
If you need to call her for any questions:
714-796-1200 X 3453
I told her that I have been receiving requests from people for comp checks on FHA loans, and that it seems to have increased dramatically since the sub-prime meltdown last year. She said she will investigate all cases that have documentation. She will not do anything if there is no evidence. So SEND HER THE EVIDENCE.
She said she was glad that I called and that I could share her contact information with other concerned appraisers.
Let's put an end to this comp check business on FHA for good! If you do comp checks, you are going against FHA criteria as an FHA appraiser. IT DOESN'T MATTER WHAT YOU CALL IT OR HOW YOU DO IT. You are not allowed to discuss value with ANYONE involved in a FHA loan, unless it is the underwriter and they are seeking clarification AFTER you have performed the appraisal.
Josh
They don't want loan officers bringing the sub-prime tactics into FHA. So, if/WHEN you receive a request for a comp check and the request says FHA. Send your documentation here:
Bobbie Borland
US Department HUD
Santa Anna Federal Building Room 7015
34 Civic Center Plaza, Santa Anna, CA 92701
If you have it in digital format:
email it to:
bobbie. l . borland @ HUD . gov(remove the spaces)
If you need to call her for any questions:
714-796-1200 X 3453
I told her that I have been receiving requests from people for comp checks on FHA loans, and that it seems to have increased dramatically since the sub-prime meltdown last year. She said she will investigate all cases that have documentation. She will not do anything if there is no evidence. So SEND HER THE EVIDENCE.
She said she was glad that I called and that I could share her contact information with other concerned appraisers.
Let's put an end to this comp check business on FHA for good! If you do comp checks, you are going against FHA criteria as an FHA appraiser. IT DOESN'T MATTER WHAT YOU CALL IT OR HOW YOU DO IT. You are not allowed to discuss value with ANYONE involved in a FHA loan, unless it is the underwriter and they are seeking clarification AFTER you have performed the appraisal.
Josh