Low-Cost E&O Insurance from OREP Working RE Home Library/Previous Editions
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):
http://www.hud.gov/offices/hsg/sfh/appr/apr_rost.cfm
Step 2: Read the instructions:
http://www.hud.gov/offices/hsg/sfh/appr/applications.cfm
Step 3: Get the EXACT format of your license number from the national registry:
http://www.asc.gov/content/category1/standardSearches.aspx?queryType=6
Step 4: Fill out the on-line application:
https://entp.hud.gov/idapp/html/f17apr-application.cfm
- Thanks to Chad Barker, President, TraceCorp Settlement Services,
vendors@tracecorp.com.