Once you have been listed on the roster, you may begin to conduct appraisals for FHA insured loans; but before you do, there are a few things you should know.
Appraisers listed on the FHA roster must have in-depth knowledge of and remain up to date on policies and procedures for conducting FHA appraisals. Here are a few things you can do to ensure that you comply with FHA requirements.
All links to these items are listed on the FHA Appraiser Roster web page at http://www.hud.gov/appraisers.
- Review all policies and procedures in FHA’s guidance and policy documents, which include handbooks, mortgagee letters, federal register notices and the Code of Federal Regulations. It is important to understand that policies and procedures in older handbooks are often updated and/or superseded by mortgagee letters or federal register notices. Be sure to always read the most recent guidance.
- Attend a training session. Members of FHA’s Homeownership Centers (HOCs) and field staff throughout the country conduct training sessions for appraisers on an ongoing basis. See our events and training section.
- Keep your contact information updated. In addition to technical know-how, you have certain administrative responsibilities including keeping your personal and business information up to date via the FHA Connection (FHAC). If FHA wants to contact you, your current email address, mailing address and phone number are vital. Remember to review them regularly.
- Sign up to get the latest information on policies, procedures and training events via email by subscribing to the FHA Roster Appraisers email list.
- Know where to go for help. Check the “Need Help?” section on the FHA appraiser roster web page. There are FAQs, a knowledge base, searches, keyword lists, etc.-all ways to get a quick answer to your questions. If you still want assistance, go to the Appraisers contacts web page.