In order to perform appraisals for FHA, appraisers must be on the approved FHA Roster. Appraisers must possess a current license/certification with credentials based on the minimum licensing/certification criteria by the Appraiser Qualifications Board (AQB) of the Appraisal Foundation for each state in which they desire to perform FHA appraisals. Trainees are not eligible to apply to be on the Roster.
Registration procedures for appraisers who are not currently on the FHA Roster are as follows:
1. Submit proof of a valid state appraiser's license or certification with credentials based on the minimum criteria issued by the AQB for each state in which you desire to perform FHA appraisals.
2. Complete the Register Designation Application (Form HUD-92563) including references for line 18.
3. Not be listed on the General Services Administration's Suspension and Debarment List, HUD's Limited Denial of Participation (LDP) List, or HUD's Credit Alert Interactive Voice Response System (CAVIRS).
4. Submit copy of license(s)/certification(s) and Register Designation Application with original signature to HUD at:U.S. Department of Housing and Urban Development Office of Single Family Housing, 451 7th Street, SW, Suite 9270, Attention Valuation Division, Washington, DC 20410
HUD does not take faxes for applications and they recommend that you send your application via UPS or other mail service so you can track the package.
Appraisers can check the FHA Roster for their status and to make sure their information is correct. Appraisers will not receive a registration confirmation if approved. However, a denial letter will be sent from HUD to appraisers that are not approved. Appraisers noticing incorrect information should fax the corrected information to (202) 401-0416 .
If the appraisers license expires, they must provide HUD with proof of renewed license(s)/certification. An expired license will cause the appraiser to be ineligible to perform FHA appraisals.
For renewals to occur, the appraiser renews their license with the State Regulatory Board or SRB. In California, we have the Office of Real Estate Appraisers or OREA. The SRB submits renewal information to the Appraisal Subcommittee (ASC) on a weekly, bi-weekly or monthly basis. ASC updates the National Appraiser Registry. HUD interfaces with the National Registry and then updates their systems to reflect the renewals. Some states upload to ASC upon receipt of the renewal from the appraiser. Others, update on the renewal date of the license.
To check to see if your license has been updated, go to https://entp.hud.gov/idapp/html/apprlook.cfm . If HUD's website information on your renewal is correct, no further action is needed. If HUD's information is incorrect, you must contact your SRB to ensure renewal was processed and to ask when they submit their information to the ASC. If ASC's National Registry is correct but the FHA Roster is not, FAX evidence of updated status to HUD HQ at 202-402-0416 Attn: Home Valuation Policy Division.
HUD allows a thirty day grace period for systems to interface for renewals and there is currently a 10-12 week lag between the time they receive a new application to become a Roster Appraiser and the time that the application is either rejected or accepted.
And becoming a Roster Appraiser is really not that difficult. HUD even eliminated the examination.
Comments