FHA/HUD as "Client" as well as Intended User ?

[ZZGAMAZZ]

My reports for the most recent coupla-a-dozen FHA client assignments indicate that FHA and the Mortgagee (AKA XYZ Client) are intended users as well the 1004 pg 1 "Lender/Client," although the current client is conditioning reports for the removal of FHA from the page 1 section (that links with the 1004 pg 6 and also the Letter of Transmittal).

I presume that the issue is standardized as a FHA assignment; and if so, somebody got it wrong.

Please advise.

 

[ucbruin]

I don't include HUD/FHA on page 1....

 

[CANative]

HUD/FHA is not the client. They are an intended user. They are identified as such in the certification. I enter the information in the large comment section on Page 3.

You have a contractual obligation with them.

Scope of work clarifications, intended use and user(s), additional client requirements:
The intended use of the appraisal is solely to assist the identified client/intended user in assessing the risk of the Property securing an FHA-insured Mortgage (24 CFR § 200.145(b)). FHA and the Mortgagee are identified as the intended users of this appraisal report. The FHA Appraiser does not guarantee that the Property is free from defects. The appraisal establishes the value of the Property for mortgage insurance purposes only. A Home Inspection by a licensed Home Inspector is always prudent.

The subject property meets HUD Minimum Property Requirements (MPR) as described in HUD Handbook 4000.1.

Note: I made observations of the crawl space and attic (entered the crawl space / head and shoulders for the attic.) The water heater was seismically strapped and the TPR valve discharge tube attached; observed the correct number of smoke and CO alarms.

 

[ZZGAMAZZ]

HUD/FHA is not the client. They are an intended user. They are identified as such in the certification. I enter the information in the large comment section on Page 3.

You have a contractual obligation with them.

Scope of work clarifications, intended use and user(s), additional client requirements:
The intended use of the appraisal is solely to assist the identified client/intended user in assessing the risk of the Property securing an FHA-insured Mortgage (24 CFR § 200.145(b)). FHA and the Mortgagee are identified as the intended users of this appraisal report. The FHA Appraiser does not guarantee that the Property is free from defects. The appraisal establishes the value of the Property for mortgage insurance purposes only. A Home Inspection by a licensed Home Inspector is always prudent.

The subject property meets HUD Minimum Property Requirements (MPR) as described in HUD Handbook 4000.1.

Note: I made observations of the crawl space and attic (entered the crawl space / head and shoulders for the attic.) The water heater was seismically strapped and the TPR valve discharge tube attached; observed the correct number of smoke and CO alarms.

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That is as definitive as need be. Weird that literally 15 - 20 different lenders of FHA assignments didn't catch the error.

 

[CANative]

A very long time ago it was done like this:

 

[CANative]

 

[Mike Garrett RAA]

I haven't done FHA's in years; however, I can tell you the VA wants to be named along with the lender as THE CLIENT. On the lender/client line it looks like this:

Qucken Loans/Dept of Veterans Affairs.

Most of the time it won't fit so I do it this way: Quicken Loans/VA