Licensed FHA problems

[Greg Bell]

Whaaaaaaaaaaaaaa...Snivel.........After thousands (Thats right thousands) of FHA appraisals including several HUD Contracts FHA decided a one year newly minted Certified appraiser has all the experience you need to perform FHA appraisals.Do I laugh out loud or hold in????...anyway , Hello and welcome to Wal Mart...

 

[Ariba]

If i were a betting man i would wager that a great many have been certified. In fact the only appraisers I have known who have gotten in trouble are certified.

One reason might be that the appraisals are more complex, upscale, etc.

 

[BRCJR]

If a large number of licensed FHA roster appraisers are female and/or non-white, you may have some type of discrimination lawsuit from the ACLU, as HUD does have a policy in regards to this matter.

What will happen between now and October, I do not know. Things may progress as mortgagee letter indicates or some turn in the course may take place.

I still think if FHA is the new ticket there will be other avenues of work if you are competent to do so, tax appeal, divorce, estate, FSBO, etc.

If FHA creates such demand on the certified folks it will most probably create a void needing filled and if you are properly prepared for it you should do fine.

 

[Smokey Bear]

If a large number of licensed FHA roster appraisers are female and/or non-white, you may have some type of discrimination lawsuit from the ACLU, as HUD does have a policy in regards to this matter.

You'd have to compare that number to the percentage of Certifieds that are in that category. If they're similar, no case. And the ACLU usually saves it's funding for more egregious cases than someone who CAN put themselves into the favored class and chooses not to.

 

[Greggnvegas]

Well in Michigan, you might have different requirements to get your Certified License. Here in Nevada, I believe the requirements are different than in most states. We must also have 500 hours of complex appraisals before we can be Certified. Not through lack of trying, but in 5 years I do not have 500 hours of complex appraisals. I do have a certified appraiser I work with on complex, just so many cookie cutters here, not a big demand for complex. Other states, you just need experience and pass the test. If that were the case, I would have been certified a long time ago.

 

[Fritzboy]

I've been on the FHA roster for 11 years, now they say I'm not good enough to do the appraisal. What kind of thinking is that. Doesn't experience count more than taken some classes that in a couple of weeks later your going to forget all you learned. The best way I know how to learn is through experience. Congress agreed with the AI who makes there money selling classes and books. Where do you think there priority is? Making us appraisers keep going to school or protecting our buisness? This is discrimination against a license that has been doing it for many years. Did HUD change anything in the process besides make it more like conventional and easier to do. The whole thing stinks and eventually HUD will find out in the long run. Why should I have to go back and take 80 more hours at $30 per and then take a test that has more income/apt questions that have nothing to do with FHA appraising. 11 years for HUD down the drain because congress thinks "certified" means better. I don't think so!

 

[Jonah]

Here in the Hive we get a quarterly news letter with all the sanctions handed out to the Real Estate professionals governed by The Division of Utah.

March 2008-83.4% of Appraiser Disciplinary Sanctions were to Certified Appraiser.

July 2008-43.2% of Appraiser Disciplinary Sanctions were to Certified Appraiser.

October 2008-83.4% of Appraiser Disciplinary Sanctions were to Certified Appraiser.

January 2009-75% of Appraiser Disciplinary Sanctions were to Certified Appraiser.

To those that feel that we all had the same opportunity to become certified you are talking out of your a**. With my situation it was impossible to to upgrade in time due to inconsistent standards of my lovely state.

We have all seen some pretty weak question's being asked on here and have all seen fraudulent appraisals coming from both license levels.

HUD will see that this will not fix the problem in the long run.

The designation does not make the appraiser, the appraiser makes the designation.

 

[Fritzboy]

Remember when they said American League players aren't as good as the National League players. They all play on the same field "appraisal form" so how can one be better than the other. Just look who's one most of the past 20 years of All Star Games. The point is, some players make more errors than others and those are the ones that should not make the team.

 

[Doug Smith SRA]

Point of Order

It was not HUD who changed the rules; it was Congress:

Section 202(f) of the National Housing Act mandates that all appraisers chosen or approved to conduct appraisals of properties that will be security for FHA-insured mortgages must: (1) be “certified” by the State in which the property to be appraised is located; or by a nationally recognized professional appraisal organization, and (2) have demonstrated verifiable education in the appraisal requirements established by FHA. (Note that the term “state” as used throughout this Mortgagee Letter includes U.S. Territories.)

HUD did not follow the mandate of Congress and immediately chuck the licensed overboard. They waited for a time and then stopped taking applications and renewal requests from licensed appraisers. Then they defied Congress by setting the effective date of October 1, 2009 before implementing the law enacted by Congress. HUD is actually the hero of the story giving licensed appraisers time to get certified.

HUD is not the meanie.. It is Congress that knows what it is doing as they usually do. Yeah Right!

Licensed appraisers are reacting differently. An appraiser friend who is about to retire is not doing anything. The appraiser in my office has taken courses and passed the exam and should be ready to face the Board in June. An ex-trainee of mine now on her own is taking courses and studying on-line to take the exam and probably will be ready to get certified in October.

Another young appraiser I know who got sick in 2007 is the worst off. He had a life threatening illness that prevented him from making the deadline in 2007 He has no college at all and is mostly doing FHA now. He will be severely hurt in October when he will be dropped on the list. I have advised him to seek a waive from the Board based on his illness and extenuating circumstances. I hope he follows up on my suggestion.

There is no easy answer but everyone has known since roughly October 2008 about the deadline October 2009. For those who want to stay on the panel, they were given a year to put their house in order. Dale Carnegie taught, " If it is meant to be, it is up to me."

Good luck to the great un-washed,


Doug

 

[Functional Obs]

Keep in mind, we all fill out the same forms.

And this is the likely issue. At some point during my certification education it hit me that we're not "filling out forms." We're seeking an answer.