Presenter: Peter Gillispie
This webinar is intended to provide participants with an overview of the appraisal desk review process that FHA utilizes in its Post Endorsement Technical Review of FHA loans as well as the review process that FHA employs in conducting reviews of appraisers on the FHA Roster. FHA inspection and repair protocols for appraisers will be reviewed in the context of the importance for appraisers to comply with the protocols in order to perform an appraisal report that is satisfactory to FHA.
The webinar focuses on the Uniform Residential Appraisal Report (URAR), which is the most prevalent of the appraisal reporting forms submitted for reporting an appraisal of a single family residential home that is to be collateral for an FHA insured loan. Participants will become familiar with the red flags that can potentially signal a deficient or misleading appraisal as well as those aspects of an appraisal that are considered unacceptable to FHA. Two HUD forms which, if not completed correctly, or are incomplete or missing from the loan file, can result in impeding endorsement of the loan, will also be reviewed.