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handbooks are often updated and/or superseded by mortgagee letters or federal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.
- Watch
an FHA webcast just for appraisers.
- 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.
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