FHA Deadline Announced

Real Estate Appraiser with Miller Appraisals

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.

Comments (8)

Sara Goodwin
Estimation Nation Corporation - Portland, OR
Portland, Oregon Appraiser

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.

Dec 20, 2008 03:25 AM
David Hintz
Accurate Appraisals & Consulting of AZ - Maricopa, AZ

Sara - The way I read it on their site, the 2009 deadline is effective for all states.

Dec 20, 2008 05:49 AM
Kenneth Miller
Miller Appraisals - Fremont, OH
NW Ohio FHA Appraiser

Sara, from everything I've heard, the deadline is for all appraisers regardless of their location. Another thing I read in the mortgagee letter was that any lender who uses a licensed appraiser after the October 1, 2009 deadline will be responsible for ordering a new appraisal from a certified appraiser paying for the second appraisal out of their pockets.

Dec 20, 2008 09:04 AM
James Graner
Residential Services: http://appraisalmo.com - Saint Charles, MO

Great post!

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.




Dec 20, 2008 01:51 PM
Kenneth Miller
Miller Appraisals - Fremont, OH
NW Ohio FHA Appraiser

It would be nice if FHA was more like VA in where you had only a few approved appraisers on a panel. It would keep them honest and the quality of reports would be high. FHA let so many bad appraisers in the front door when they dropped the test requirements. Add to the mix the slimy mortgage brokers(***NOTE, NOT ALL MORTGAGE BROKERS ARE SLIMEY SO DON'T READ TOO MUCH INTO THIS) who jumped on the FHA bandwagon and are doing the same thing they did with sub-prime lending. There is going to be a whole lot of something hitting the fan in a few years if things don't improve quickly. We could end right back here in this mess a few years from now if FHA isn't more careful. I hope that doesn't happen but I wouldn't be surprised if it did.

Dec 20, 2008 02:59 PM
Ann Dail
Baton Rouge Area Homes, Louisiana, USA, 225-761-0551 - Baton Rouge, LA
Broker/Realtor,CRS, ePRO, SRS, B.A.Chem

Good information.  Thanks for sharing.  I'll pass along to my appraiser contacts that aren't Rainers.

Dec 24, 2008 06:29 AM

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.



Sep 29, 2009 12:26 PM
Alix Pinzon
Open Mortgage, LLC NMLS # 2975 - Downey, CA

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.

Nov 21, 2009 05:51 PM