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FHA Guidelines. Save it to your desktop

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You and I are on the same page. It was my former client that misunderstood it was permissible to change payment amount to a trip fee after the report was submitted. BTW, the client did end up finally paying the full fee that was quoted on the appraisal order form but only after I sent a letter to the NYS Banking Department to report the delinquency and request their assistance in getting the paid.

Good for you pursuing payment! Some people just either let it slide, weigh the options of possibly losing the client, or hire a collections agency. Congrats!!!
:clapping:
 
Just applied. How long?

I just submitted my app for FHA work (after decades of saying I wouldn't do gov't work). How long does it take to be approved these days and how can I make sure they received it?
 
I received my approval two weeks ago, after waiting 17 weeks. However, I applied with the paper application, just before they started the on-line application process. FHA now says it takes 6-8 weeks.
 
Normally 2-3 weeks. There is no test now....It is very easy to get approved and everyone that is competent to do residential appraisals should be approved, then let the FHA lenders know that you are approved.
 
Must at least be Certified?

I was just reading on another thread that in the future HUD is going to require appraisers to be at least certified to do FHA. Sounds crazy to me. I am new to the FHA roster so I think it is extremely unfair that a licensed appraiser who has been completing FHA appraisals for numerous years be considered less qualified than me. However, this appears to be the wave of the future. As of January 2008, Ohio law now requires an appraiser to have an associate degree. Although I think this is a positive approach, I also think in a few years when these kids start graduating, we are going start seeing more changes in the profession. Will the "appraisal degree" holders take business from appraisers with years of experience??? Changes are coming....better get those higher designations while we still can.
 
FYI - There is a new FHA eManual available and a FHA Appraiser Inspection Checklist at cac-edu.com. The FHA Checklist is a deal at $10, which is downloaded and can be re-printed. Very inexpensive at <$37 including tax. They have received rave reviews from Appraisers, mortgage professionals, and Realtors. http://www.cac-edu.com/testimonials.html See for yourself!
 
It has been an understanding in our office that the FHA# is required for the completed report. We have begun several assignments and awaited the FHA# prior to report delivery. We have yet to have a client fail to follow through with the delivery of the requested FHA# or stiff us on the payment for our services.
 
Most of the time the number will be provided BEFORE you submit the report , however , get ready to be stiffed and least once.Sometimes the borrower cannot qualify and no FHA number will be provided...
 
I did read it somewhere that you may do the inspection and report, but do not turn in the report to the lender UNTIL you have a case #. This has happened to me, and I did not even discuss anything with the lender until I recieved the case #. My effective date is still when I inspected the property, that never changes.
 
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