Appraiser FHA Roster Appraiser Frequently Asked Appraisal Questions - 5/3/2007 - Expert Real Estate Advice

FHA HUD-92563 Roster Appraiser Designation Application PDF file 65 kb

APPRAISER FHA Roster Frequently Asked Appraisal Questions For Appraisers

1. How can I become registered on the FHA Appraisal Roster? 
To become eligible to perform appraisals acceptable for underwriting FHA insured loans, you 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 you desire to perform FHA appraisals and pass the national FHA Appraisal Exam. For more detailed information, please review ML 03-09 on the HUD/FHA web site . Please note that applications received without passing exam results will be rejected. 

 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. Pass the FHA Appraiser Exam and retain exam results
3. Complete the Register Designation Application (Form HUD-92563) including references for line 18 
4. 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).
5. Submit copy of license(s)/certification(s), exam results, and Register Designation Application with original signature to: 
 
U.S. Department of Housing and Urban Development
Office of Single Family Housing
451 7th Street, SW, Suite 9278
Attn: Appraisal Branch
Washington, DC 20410 
Fax Number: (202) 401-0416 Telephone Number: (202) 708-2121 
 
Note that all appraisers submitting application materials must send documents to HUD, and not their Homeownership Center. 
 
2. How does an appraiser know that she/he is on the FHA Roster? 
Appraisers can check the FHA Roster at https://entp.hud.gov/idapp/html/apprlook.cfm 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 the (202) 401­0416. 
 
3. What FHA Roster procedure should an appraiser follow if his/her license expires? 
The appraiser must provide HUD with proof of renewed license(s)/cerification(s). (See FHA Roster question 1 for address.) An expired license will cause the appraiser to be ineligible to perform FHA appraisals. 
 
4. How do lenders and underwriters know whether an appraiser is eligible to perform FHA appraisals? 
HUD will continue to maintain the FHA Roster and will approve only those appraisers who have passed the exam and met the eligibility requirements for placement on the Appraiser Roster. Lenders can ascertain an appraiser’s roster status through FHA Connection or ECHO.  

 FHA APPRAISER EXAM 
 
1. How should an appraiser prepare for the FHA Appraiser Exam? 
Reading the entire Handbook 4150.2, the Valuation Conditions (VC) Form and the Homebuyer Summary provide all information needed to prepare the appraiser for the FHA Appraiser Exam. In addition, 200 exam questions are available to study in preparation for taking the exam. Familiarity with Uniform Standards of Professional Appraiser Practice (USPAP) is assumed due to regular licensing requirements. 
 
2. Is there a list of approved training course providers for the FHA Appraiser Exam? 
HUD does not approve or disapprove specific training courses. However, industry groups, professional societies and trade organizations are prepared to provide FHA Appraiser Exam training courses. Contact the local chapter of your professional organization, if you subscribe to one, or the national organizations of the Appraisal Sponsors. The American Society of Appraiser (ASA), Appraisal Institute (AI), National Association of Independent Fee Appraisers (NAIFA) and National Association of Master Appraisers (NAMA) are some of the industry groups offering FHA courses. All the groups have web-sites and the AI offers a course “on line”  

3. Where do appraisers go to take the FHA Appraiser Exam? 
Prometric administers the test for HUD through multiple testing centers in each state. Appraisers can view testing center locations at http://www.2test.com/tcl/index.jsp. A complete list of locations can be obtained by calling Prometric at (800) 503-8991. 
 
4. How do appraisers register to take the FHA Appraiser Exam? 
Prometric’s policy states that appraisers can register with a credit card (American Express, MasterCard or Visa) to take the exam by calling Prometric at (800) 503-8991. Prometric also allows walk-ins based on space availability. The cost of the exam is $75. Once registered, appraisers must cancel their testing appointments by 12:00 noon two days prior to the scheduled testing time to receive a full refund.  

5. I am a handicapped appraiser and will need special accommodations to take the FHA exam. What do I need to do? 
You will need to first contact Single Family Housing of HUD at (202) 708-2121. You will need to provide proof of handicap condition (e.g., doctor’s letter), a description of the special accommodation needed for you to take the exam, and the test location. HUD will then review the request, and when approved, will provide you with a special telephone number at Prometric to schedule your exam.  

6. What should appraisers bring with them to take the exam? 
Prometric requires appraisers to bring two positive forms of identification, one bearing a photograph, both bearing signatures, for exam admittance. Examples of acceptable form of identification include: current driver’s license, valid passport, military ID card and state identification card. Social Security cards are not considered acceptable forms of ID; however, credit cards are acceptable form of secondary identification. Note that you will be required to submit your Social Security Number on the exam. Please make sure you list it accurately.  

7. What should appraisers do if the Official Score Report contains incorrect information? 
The appraiser should copy the Official Score Report, circle the error(s) in RED, attach a note explaining that this is a correction (per the appraiser/applicant) and mail to: 
 
U.S. Department of Housing and Urban Development
Office of Single Family Housing
451 7th Street, SW, Suite 9278
Attn: Appraisal Branch
Washington, DC 20410 
 
8. How can an appraiser find out which components of the FHA Appraiser Exam showed his/her strengths and weaknesses? 
The appraiser can only find out if she/he passed or failed the exam. Scores are not provided. 
 
9. How many times will an appraiser need to take the FHA Appraiser Exam to remain registered? 
At this time, appraisers need only to pass the exam only once. However, there is not a limit to the number of times an appraiser may take the exam before passing it. Please note that after two failures, candidates are required to wait one month before registering again for the exam. 
 
10. If an appraiser has questions concerning the FHA Appraiser Exam and/or registration process, what are his/her resources? 
Resources for exam and/or registration are listed in the table below.