National Housing Act
What Every Appraiser Needs to Know
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National Housing Act: What Appraisers Need to Know
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January 21, 2009 Vol.
163 |
Award Winner • Publication Excellence |
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www.workingre.com/workingre/fha-appraising-who-qualifies.html
New: Comment on this
story at Working RE’s new
Appraiser Talkback blog.
Editor’s Note: FHA finally
announced late last year who can and cannot appraise for them in
the wake of last year’s National Housing Act. Find a summary
below. For those already on the FHA Roster, you’ll find tips
from the FHA for seamless renewing.
FHA Appraisal Roster: Latest on Qualifying and Seamless Renewing
By David Brauner, WRE Editor
As most of you know, the National Housing Act, passed last July,
mandates that all appraisers chosen or approved to conduct
appraisals of properties for FHA-insured mortgages must be
“certified” by the state in which the property to be appraised is
located (or by a nationally recognized professional
appraisal organization). As a result, FHA stopped adding
non-certified appraisers to its roster Oct. 1, 2008, but the fate of
non-certified appraisers already on the roster remained open
until this recent announcement.
Many appraisers have joined the FHA roster recently in search of
work as more and more loans are funded through FHA as a result of
the credit crunch.
According to Mortgagee Letter- Revised Eligibility Requirements
for FHA Roster (2008-39), license-level appraisers on the
roster have until October 2009 to become certified.
The letter states: “No later than October 1, 2009, all FHA
appraiser roster appraisers in all states and territories must be
state certified in order to be eligible to conduct appraisals for
FHA-insured mortgages and remain on the FHA Appraiser Roster.
Commencing October 1, 2009, all FHA-approved lenders must use state
certified appraisers for FHA-insured mortgages.”
(story continues below) |
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The reason for the year-long grace period, according FHA, is
supply and demand. “FHA has determined that the loss of
available FHA Roster appraisers in certain locations will
impede its ability to support affordable mortgage financing
in those areas, which would contravene the goals of the HOPE
for Homeowners Program and hinder use of other FHA single
family programs at a time when use of those programs has
increased significantly.”
You can read the entire
Mortgagee Letter at WorkingRE.com (Sidebars, Revised
Eligibility Requirements for FHA Roster Appraisers-Mortgagee
Letter).
Seamless Roster Renewal
In a recent story (Industry Snapshot - Workingre.com,
Premium Content), WRE reports that FHA and the Appraisal Subcommittee are
working together to create a seamless renewal process for
appraisers on the FHA Roster. According to Donna Tomposki,
Director of the Home Valuation Policy Division within FHA’s
Office of Single Family Program Development, the system
works if an appraiser’s license/cert. number is an exact
match to the National Registry at the ASC.gov (Appraisal
Subcommittee). If so, the renewal will be reflected
automatically on the FHA Appraiser Roster within 24 to 48
hours of when it is updated on the National Registry. “This
process has proven to be very effective,” Tomposki says.
“As you can imagine, with the number of appraisers on the
Roster and a limited staff to process renewals and new
applications, the auto-renewal feature is a must.”
(story continues below) |
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(story continues)
In response to that story, WRE reader Colleen Herbert, asks, “I
have seven appraisers and their FHA numbers are all different.
Some have dashes, some have dots, and some have extra letters in
their prefix. How do I make sure these two numbers match?”
Here’s how, according to FHA.
1. Establish a FHA Connection User ID and Password:
The appraiser would need to go FHA Connection at: https://entp.hud.gov/clas/index.cfm.
Under the heading Getting started, click on “Registering
a New User.”
Scroll down to the category labeled “FHA-approved Appraiser” and
click on the highlighted “Appraiser Registration” link. Remember
your password, you will need it the next time you log on to FHA
Connection. Fill out the Appraiser Registration page and click
“send.”
FHA Connection will send your User ID by email from the
SFadmin@hud.gov mailbox.
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2. Have a copy of your current license or certification
available to be scanned and uploaded into FHA Connection.
3. Check your license or certification number on the
National Registry of ASC. Review your personal information
listed on the Appraisal Subcommittee’s National Registry by
going to
www.asc.gov. Once at the main webpage, click on the
link for the National Registry in the upper left corner, select
standard query and then choose option 6 to search by your name
and state.
Review the results of the search and ensure that the field
labeled “AQB Compliant” indicates “Yes.”
Make sure that the license or certification date is accurate.
Important: Note the number shown in the field labeled
“Lic. Number” and make sure you enter your state-issued
appraisal license or certification number in FHA Connection
exactly as it appears in the National Registry. An inexact
match will result in an error message and you will not be able
to proceed further.
Wait one business day. You must wait one business day
before beginning the license or certification renewal process in
FHA Connection to ensure that any recently updated information
in the National Registry database will properly interface with
the FHA Connection.
4. Update your license and any other information in FHA
Connection. Scan a copy of your current license or
certification into a single PDF file so that it can be uploaded
into the FHA Connection.
Go to the FHA Connection at
https://entp.hud.gov/clas/index.cfm: Select ‘ID Maintenance”
from the top menu bar. When prompted, enter your FHAC User ID
and password. From the ID Maintenance page select “Appraiser
Roster.”
Once your record appears, you will be able to make edits. Be
sure to update any information that is out of date.
Make sure your license or certification number appears exactly
as it does on the National Registry (both alphabetic and numeric
characters).
When all information is correct, select “Send.” Watch for the
system to show a message at the top of the page that the
transaction has been successfully completed.
Once your record has been successfully updated, you will appear
as current on the FHA Appraiser Roster in the search box and
selecting the first link entitled “FHA Appraiser Roster-HUD.”
Additional information can be found at
www.hud.gov by typing Appraiser Roster in the search box and
selecting the first link entitled “FHA Appraiser Roster-HUD.”
New: Comment on this
story at Working RE’s new
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