- Joined
- May 2, 2002
- Professional Status
- Certified General Appraiser
- State
- Arkansas
Years ago, virtually every FHA loan was reviewed and variation from the FHA way was unacceptable. This resulted in a uniform product for sure and lenders knew the rules.
Today, it seems the lenders haven't a clue what FHA was, or is supposed to be, and seem to ask appraisers to do things that are contrary to FHA.
Sooo. What is FHA doing about it? Seems that if they placed the same level of review on appraisers today, there would be a host of reports getting kicked back to the lender/appraiser.
But it seems FHA is accepting these errant reports and trucking right along....is that what you are seeing?
Today, it seems the lenders haven't a clue what FHA was, or is supposed to be, and seem to ask appraisers to do things that are contrary to FHA.
Sooo. What is FHA doing about it? Seems that if they placed the same level of review on appraisers today, there would be a host of reports getting kicked back to the lender/appraiser.
But it seems FHA is accepting these errant reports and trucking right along....is that what you are seeing?