FHA Appraising—Principles and Procedures

• Identify and explain key eligibility requirements to qualify for placement on the FHA Appraiser Roster.
• Recognize the appraiser’s role as the on-site representative for the mortgagee and how it relates to an independent valuation process.
• Relate how the appraiser’s observation of offsite and onsite conditions plays a key role in the valuation process and in HUD’s Property Acceptability Criteria.
• Identify and explain FHA protocols for observing and analyzing property improvement characteristics that may affect safety, soundness and security.
• Identify and explain FHA valuation and reporting protocols intended to ensure the credibility of assignment results for FHA insurance purposes.
• Easily navigate the FHA Handbook 4000.1 and related documents, including the FHA’s Appraisal Report and Data Delivery Guide.
• Recognize general property eligibility and acceptability criteria for properties used as collateral for an FHA-insured mortgage.
• Identify the type and extent of “observation” that is required to be included in the scope of work for an appraisal assignment that is intended to be used in an FHA mortgage insurance decision.
• Identify the type and extent of analysis that is required to be included in the scope of work for an appraisal assignment that is intended to be used in an FHA mortgage insurance decision.
• Recognize the reporting requirements for an appraisal that is to be used by a lender to make a decision on a property’s eligibility for an FHA-insured mortgage.

Program Overview:
Online Syllabus

Assignments:
No
 

Equipment:
None specified

Additional Information:

Requirements:

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