FHA Appraisal ?

[OWUP]

I just had a lender request a FHA appraisal for an Owner Occupied HECM (home equity conversion mortgage) reverse mortgage transaction. The lender said given the loan program and loan amount, that a FHA case number is not needed for the appraiser.

Is this true? I have never heard of a FHA appraisal not needing a case number...

 

[RSW]

Sounds like they are value shopping to me. I would request a copy of the case # assignment sheet before I would even set up the appointment and then request the payment be COD for the appraisal. Something does not sound right with this one.

 

[Mike Boyd]

Neither have I. Your client knows not of what he/she speaks.

 

[Mr Rex]

Ask them if they can still see outside with their head so far up there.:icon_mrgreen: