eBook - Real Estate Appraisal from A to Z

B. REGISTER APPLICATION PROCESS

The application process is the first screening of the appraiser's qualifications to perform HUD/FHA appraisals. To apply, appraisers must submit the following to FHA:

• Updated form HUD-92563 "Register Appraiser Designation Application".
• A copy of a current valid appraisal license and/or certification verification that the appraiser has passed the FHA Examination.

HUD will review this information to determine the appraiser's eligibility for the FHA Register.

C. APPLICANT REVIEW

To verify that the appraiser is eligible to perform HUD/FHA appraisals, REAC performs a detailed review of the appraiser's professional qualifications and checks for any negative information. The review does the following:

• Verifies that the appraiser is state-licensed or state-certified under the Appraisal Qualifications Board (AQB) criteria.
• Verifies that the appraiser has passed the FHA Appraisals Methods and Procedures test.
• Pre-screens the appraiser's social security number in the HUD/FHA Credit Alert Interactive Voice Response System (CAIVRS).
• Reviews HUD records to ensure that the appraiser has no pending suspensions, disqualifications or debarments.
• Verifies with the appraiser's signature that there are no actions or pending judgments against the appraiser for waste, fraud, abuse or breach of professional ethics or standards.
• Reviews the previous period's performance, if applicable.

D. DESIGNATION TO THE FHA REGISTER

When the review of the application is complete, the appraiser is designated to the FHA Register. New appraisers recently added to the FHA Register may be monitored and reviewed more frequently to ensure that their performance is consistent with HUD/ FHA guidelines and to monitor training needs. Because the initial application to the FHA Register will occur after the appraiser has become state-licensed or state-certified, the first term will coincide with the remaining period of state licensing for the home state. After this initial period, the FHA Register period will be consistent with the home state license period. Each period, every appraiser must re-apply to the FHA Register, concurrent with the appraiser's application for state licensing and/or re-certification. HUD reviews the appraiser's performance and compliance with new testing requirements and verifies that the appraiser is state-certified or state-licensed. For more information on the review process, see Chapter 6 of this Handbook.

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