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FHA Accept only Certif. Appraisers fr.Oct.1

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Katalin Farkas

Thread Starter
Freshman Member
Joined
Jul 18, 2004
Professional Status
Licensed Appraiser
State
California
Visit: http://www.HUD.gov/offices/hsg/sfh/appr/faqs_appraiser.cfm
 

Greg Bell

Senior Member
Joined
Jul 7, 2006
Professional Status
Gvmt Agency, FNMA, HUD, VA etc.
State
Louisiana
Let's all go the lobby and get ourselves a treat...
 

ghrousseau

Member
Joined
May 5, 2006
Professional Status
Licensed Appraiser
State
Virginia
Interesting side note:

I was checking the list this morning and there are many people listed who had their license expire in September, with a current status showing as "in 30 day grace period." I was just curious if this was something new or has FHA always had the grace period?

(Licensed)
09-30-2008
In 30-Day Grace Period
Valid until 10-30-2008

Certified Residential)
09-30-2008
In 30-Day Grace Period
Valid until 10-30-2008


Names removed for confidentiality, but this is how it shows.
 
Last edited:
Joined
Jan 13, 2002
Professional Status
Retired Appraiser
State
Florida
Just in from a reliable source:

As of October 01, 2008, FHA is putting into effect a 1 year phase of of "Licensed" appraisers. When a "Licensed" appraiser's current license expires, they will have to be "Certified" to continue to be an approved FHA appraiser or be dropped from the panel. As of September 30, 2009, NO "Licensed" appraisers will be eligible to be on the FHA panel.

It 'appears' they are allowing a 30 day grace period for those that expire to either upgrade or be removed from the panel. I don't know if this is just for the Sept. '08 expires or not.
 

BRCJR

Elite Member
Gold Supporting Member
Joined
Sep 20, 2005
Professional Status
Licensed Appraiser
State
Virginia
Just in from a reliable source:

As of October 01, 2008, FHA is putting into effect a 1 year phase of of "Licensed" appraisers. When a "Licensed" appraiser's current license expires, they will have to be "Certified" to continue to be an approved FHA appraiser or be dropped from the panel. As of September 30, 2009, NO "Licensed" appraisers will be eligible to be on the FHA panel.

It 'appears' they are allowing a 30 day grace period for those that expire to either upgrade or be removed from the panel. I don't know if this is just for the Sept. '08 expires or not.

It will not have a great effect on me personaly, one way or the other, but being a person of principle, as I do regard myself, I have some troubles with a Federal law that could allow some to continue to earn an income from FHA assignments for up to a year, while others could be compromised as soon as the end of this month, October 2008.
 

timd354

Elite Member
Joined
Jan 11, 2008
Professional Status
Certified Residential Appraiser
State
Maryland
Just in from a reliable source:

As of October 01, 2008, FHA is putting into effect a 1 year phase of of "Licensed" appraisers. When a "Licensed" appraiser's current license expires, they will have to be "Certified" to continue to be an approved FHA appraiser or be dropped from the panel. As of September 30, 2009, NO "Licensed" appraisers will be eligible to be on the FHA panel.

It 'appears' they are allowing a 30 day grace period for those that expire to either upgrade or be removed from the panel. I don't know if this is just for the Sept. '08 expires or not.

If that is true, it appears that the FHA thinks that they can pick and choose which parts of the new law that they will follow....I have read the law and kind find nothing in the law that would allow the FHA to phase out licensed appraisers over a 1 year period.
 

jcsmichigan

Freshman Member
Joined
Aug 28, 2008
Professional Status
Licensed Appraiser
State
Michigan
Katalin,

The link states NEW applicants must be state certified to become an FHA approved roster appraiser after October 1, 2008. I imagine those of us who are licensed and not certified will be grandfathered. Anyone know the specifics?
 

Greg Bell

Senior Member
Joined
Jul 7, 2006
Professional Status
Gvmt Agency, FNMA, HUD, VA etc.
State
Louisiana
We are doomed................Quick , buy some beans and ammo..
 
Joined
Feb 16, 2003
Professional Status
Licensed Appraiser
State
California
FHA

Katalin,

The link states NEW applicants must be state certified to become an FHA approved roster appraiser after October 1, 2008. I imagine those of us who are licensed and not certified will be grandfathered. Anyone know the specifics?

Does anyone have the text of this "Law"? Could the exclusion of Licensed Appraisers be considered an unreasonable Restraint of Trade, or discrimination?

If anyne has details, pls. post here. Gossip is not enlightening.
 

Matt Lemansky

Sophomore Member
Joined
Aug 13, 2004
Professional Status
Certified Residential Appraiser
State
California
I received this earlier today from the school where I do all FHA update classes. It appears Licensed appraisers can continue to perform FHA work until the dates specified, and if you haven't upgraded to Certified by then you'll be removed from the FHA register.

FHA will no longer accept NEW applications by State LICENSED appraisers. New applications must be from State CERTIFIED appraisers as of today. FHA will likely be developing education requirements for FHA Register appraisers in the very near future.

Those Licensed appraisers who had already applied before today will still be able to complete FHA appraisals for a period of time.

California Until 10/1/2009

Arizona Until 10/1/2009 (Check with your Board of Appraisal)

Nevada Until 10/1/2009

Idaho Until 10/1/2009

Oregon Until 10/1/2009

Washington Until 11/1/2008

Hawaii Until 11/1/2008

Alaska Until 11/1/2008

A total of 29 states will only accept Licensed level appraisers until 11/1/2008. Verify with your State.

Renewals of Licensed appraisers within these dates are OK.

The total FHA Roster has 52,000 approved appraisers of which 13,000 are Licensed level.

 
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