Non-FHA Trainee Ok?

[Matthew Schwartz]

Can I as an FHA AR sign an FHA appraisal for my non FHA trainee?

 

[ddnma]

The answer my friend is in the 4150.2
I think the answer is no.

 

[Matthew Schwartz]

What section..........

 

[Thomas Fiehler]

I believe that would be the .2 area!

 

[TC]

I give up.

 

[Amy Perkins]

not totally sure, but I remember something like that, check with the lender

 

[CANative]

Doh!!!

Only the assigned FHA approved appraiser can complete and sign the report. It's in several HUD handbooks an FHA approved appraiser MUST be familiar with.

 

[Matthew Schwartz]

Oh damn, no trainees allowed. Appraisal & Inspection

Chapter 1
Appraisal & Property Requirements
Page 1-05
"..... Appraisal trainees are not eligible to perform nor sign a FHA appraisal report."

 

[CANative]

But your trainee can assist and provide signficant professional assistance and thereby obtain experience hours. You just have to acknowledge the assistance in the report. That's in the 4150.2 also.

 

[leelansford]

Can I as an FHA AR sign an FHA appraisal for my non FHA trainee?

No-no!

Inspecting appraiser must be FHA approved...and that does NOT include trainees.