HUD tightens rules for FHA appraiser roster
Summary
HUD is tightening the rules for FHA appraisers, requiring adherence to state licensing and proper reporting to the national registry. This impacts lenders and could affect loan pipelines, highlighting the importance of accurate information. Hosts, while not directly involved, should stay informed as real estate regulations can impact property values and financing.
Key Insights
- •FHA's systems automatically check appraiser license data against the Appraisal Subcommittee’s National Registry.
Action Items
- ✓Appraisers are responsible for making sure renewals are reported to the national registry and reflected correctly in FHA Connection.Effort: lowImpact: low
Common Mistakes
- ⚠If a state license expires and is not renewed on time, the appraiser’s FHA eligibility in that state can be suspended — even if the appraiser believes the renewal is in process.
- ⚠Even small mismatches — such as a name that doesn’t exactly match registry records — can delay updates and affect eligibility.
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