FHA Appraising—Principles and Procedures

This seminar addresses the tough questions that others often sidestep. It explains what Handbook 4000.1 is really saying when FHA requires you to do certain things. We’ve had extended discussions with HUD staff in Washington DC to ensure that we understand the guidance provided to appraisers. We also provide additional insight and practical advice on how to apply FHA’s protocols in real-world appraising. This online seminar provides coverage of FHA issues in a manner that would be difficult to replicate in a typical classroom presentation. It is designed for appraisers who are new to FHA as well as seasoned FHA Roster appraisers. This is also the seminar to take if you are under sanctions from HUD for remedial education specific to FHA appraising. To appraise for FHA, you need to know and understand FHA principles and procedures. This is a guide to becoming the complete FHA appraiser.

 

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• FHA Roster appraisers
• Residential real property appraisers
• Reviewers
• Underwriters
• Lenders

• 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.

None

No Exam

Intermediate

Attend: 35 AI Points

7 hours

No
 

Online Syllabus

None specified

Online Education FAQ

 

Online Course Access
Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. Click on the red “My Account” button if you are not automatically taken to your account page.
1. Click "Education and Events" on the right navigation menu.
2. Find the course under the “Online Courses” heading and click the “Begin” button.
IMPORTANT NOTE: Once this button is clicked, your access length time (e.g. 90 days) will begin. Only click when you intend to start the course. If you are returning, once you have started the course, click the “Continue” button to continue.

Other Details
For information about how on demand online education programs work, registration and cancellation policies, and other details, see our On Demand Online Education Frequently Asked Questions.

None specified