FHA Fee's $

[aggie73]

I don't think we are allowed to discuss fees ... be careful.

 

[Greg Bell]

I was just added to the FHA roster. I am ready to go as I have taken the class and have the approval.
I was just wondering what you all charge for your FHA appraisals?

Congratulations ...I just hope they don't toss us off the roster

SEC. 1404. REVISED STANDARDS FOR FHA APPRAISERS.

Section 202(e) of the National Housing Act (12U.S.C. 1708(e)) is amended by adding at the end the following:

‘‘(5) ADDITIONAL APPRAISER STANDARDS.—

Beginning on the date of enactment of the Federal Housing Finance Regulatory Reform Act of 2008, any appraiser chosen or approved to conduct appraisals for mortgages under this title shall—

‘‘(A) be certified—
‘‘(i) by the State in which the property to be appraised is located; or
‘‘(ii) by a nationally recognized professional appraisal organization; and
‘‘(B) have demonstrated verifiable education in the appraisal requirements established by the Federal Housing Administration under this subsection.’’.

 

[laurielutton]

Congratulations ...I just hope they don't toss us off the roster

SEC. 1404. REVISED STANDARDS FOR FHA APPRAISERS.

Section 202(e) of the National Housing Act (12U.S.C. 1708(e)) is amended by adding at the end the following:

‘‘(5) ADDITIONAL APPRAISER STANDARDS.—

Beginning on the date of enactment of the Federal Housing Finance Regulatory Reform Act of 2008, any appraiser chosen or approved to conduct appraisals for mortgages under this title shall—

‘‘(A) be certified—
‘‘(i) by the State in which the property to be appraised is located; or
‘‘(ii) by a nationally recognized professional appraisal organization; and
‘‘(B) have demonstrated verifiable education in the appraisal requirements established by the Federal Housing Administration under this subsection.’’.

Yeah, me too! I tell you, I really love this work, I do. But it has been an uphill battle from the start. I got into the field and jumped through all the hoops just prior to the 2008 changes but it still feels like they are looking for a way to bring us down.
Do you have a plan if this goes through??

 

[Hamlet]

Yeah, me too! I tell you, I really love this work, I do. But it has been an uphill battle from the start. I got into the field and jumped through all the hoops just prior to the 2008 changes but it still feels like they are looking for a way to bring us down.
Do you have a plan if this goes through??

The only thing we licensed appraisers can do is to diversify and get certified ASAP, if you still want to do FHA.

That is my plan for what it is worth.

 

[timd354]

I don't think we are allowed to discuss fees ... be careful.

The first amendment allows us to discuss whatever we want to discuss. What is not permissible is for us to collude agree to fix fees at a certain amount.

 

[seaboy9]

I am a State Licensed Appraiser and have been just recently added to FHA's approved roster. You mean to tell me that I will be taken off of that roster on 10/1/08?

 

[Workbox]

I am a State Licensed Appraiser and have been just recently added to FHA's approved roster. You mean to tell me that I will be taken off of that roster on 10/1/08?

Yes, maybe, maybe not, no.......it depends,

But let me ask you this.....How long have you been appraising?

 

[liberated]

Thank you, I was not aware of this. Hopefully they will grandfather in the licensed appraisers that are already approved. I took the class and have been doing FHA work for a while now. Just doesnt seem right to give someone the approval to do something and then just take it away. But then again this has been an uphill battle for me from the beginning. I got licensed in the midst of the requirement changes but managed to jump through all the hoops and make it anyway. My FHA approval is all I have going for me since I am not certified ( which now requires a degree ).
Ps, the first link that you sent regarding the bill was a dud. Do you have another?

I had to attempt to open it a second time before it would open.

 

[liberated]

The AI was so proud to get the national recognized clause in there and it will bite them in the long run. Who determines which organizations are nationally recognized? Supreme Court here we come.

I think I see a business opportunity; The Evans Appraisal Society, I will market nationwide, get 3,000 members for $500 each, give them a certification and retire with $1,500,000 in annual dues.

I will split the costs with you...maybe we can both retire.

 

[liberated]

good...finally certified appraiser catch a break. We've been having to keep our fees down because of licensed appraisers(no offense to you good ones but licensed isn't the same as certified). A lender had the audacity to TELL me to lower my fees for $150 for a full appraiser and if I didn't they would have to use a licensed appraiser. So I said...adios...

Boy oh boy are you going to have to eat some bullets on this one.