FHA just announced that the deadline to upgrade to the certified level is October 1, 2009. Any appraiser that is on the roster who is not certified will no longer be eligible for FHA appraisals after the October 09 deadline. On October 1, 2008, FHA stopped taking applications from licensed appraiser to join the FHA roster. All licensed appraisers currently on the roster were in limbo because there were no details as to how long they would remain active on the roster.
Hi Kenneth - That's good to know.... From what I understood the certification deadline for FHA depends on the state you have a license in, but when I went to HUDs overcrowded web site this go-around, it repeated what you already said:
"Effective October 1, 2008, FHA no longer accepts new applications from licensed-level appraisers per the Housing and Economic Recovery Act of 2008.
Effective October 1, 2009, ALL roster appraisers must be state certified in order to conduct appraisals for FHA insured mortgages. Read more...
To be eligible as a new applicant or to be eligible for reinstatement, you must:
1. Be a state-certified appraiser with credentials based on the minimum certification criteria issued by the Appraiser Qualifications Board (AQB) of the Appraisal Foundation, and
2. Not be listed on GSA's Excluded Parties List System (EPLS), HUD's Limited Denial of Participation (LDP) list, or HUD's Credit Alert System (CAIVRS).
If you are a new applicant, you must apply online by uploading the application and your certification in PDF format. To begin the process, please be sure to read the application instructions in their entirety first.
Sara - The way I read it on their site, the 2009 deadline is effective for all states.
I think HUD will be looking to limit the number of appraisers to be on the roster based on some tyoe of qualifications in the near future. This is just the beginning. Hopefully the review and quality control is being performed on appraisals.
Good information. Thanks for sharing. I'll pass along to my appraiser contacts that aren't Rainers.
I don't feel it's right to drop state licensed appraisers already on the roster. There are people with 20+ years experience on the list that will be dropped and replaced by snot nosed, wet behind the ears, inexperienced appraisers just because they meet the college requirements. Anybody in the business knows school will not replace on the job experience. I think it is just poring gas on the fire. These new requirements should have been for upcoming appraisers, not seasoned veterans.
Hi Kenneth, where've you been. You're so lucky, only 5300 points and you're the #1 appraiser in Ohio. How are you feeling about HVCC? I've been blogging on AR, trying to get people to contact their senators. There's an amendment in the Consumer Finance Act of 2009 that could kill HVCC, but we need people to contact their senators.
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