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New news (more confusion?) from FHA FAQ's

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Flatlander

Thread Starter
Sophomore Member
Joined
Jan 10, 2007
Professional Status
Certified Residential Appraiser
State
Michigan
ATTENTION! Effective October 1, 2008, FHA will no longer accept new applications from licensed appraisers as a result of the Housing Economic Recovery Act, signed July 30, 2008. FHA will issue a mortgagee letter in the next couple of weeks that will address other requirements mandated by law.


How do I qualify to be listed on the FHA Appraiser Roster?

To be eligible to perform appraisals acceptable for underwriting FHA-insured loans, you must possess a current state certification with credentials based on the minimum licensing/certification criteria by the Appraiser Qualifications Board (AQB) of the Appraisal Foundation for each state in which you desire to perform FHA appraisals and not be listed on the General Services Administration's Suspension and Debarment List, HUD's Limited Denial of Participation (LDP) List, or HUD's Credit Alert Interactive Voice Response System (CAIVRS).
 

Mike Kennedy

Elite Member
Joined
Sep 28, 2003
Professional Status
Certified Residential Appraiser
State
New York
http://www.HUD.gov/offices/hsg/sfh/appr/apr_rost.cfm
 
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