HUD Approval Process Simplified
On May 5, 2008, HUD dramatically simplified the application and approval process to become an FHA approved appraiser. The process can now be completed entirely online and there is no longer an exam. It is now easier than ever to become an FHA approved appraiser and fulfill FHA appraisal requests.
FHA loan volume is growing and is expected to continue to grow in the foreseeable future. Some forecasts estimate that 30 percent or more of all loan originations will soon utilize the FHA program.
Here is a step-by-step set of instructions with links to the appropriate HUD web pages:
Step 1: Check your eligibility (almost all valid appraisal license holders are eligible):
Step 2: Read the instructions:
Step 3: Get the EXACT format of your license number from the national registry:
Step 4: Fill out the on-line application:
– Thanks to Chad Barker, President, TraceCorp Settlement Services, email@example.com.