FHA Issues Draft of New Appraisal Requirements
The Federal Housing Administration on July 31 issued drafts of four new appraiser policy documents that it plans to add to its Single-Family Housing Policy Handbook. The FHA is seeking feedback before the documents are finalized.
The draft documents relate to FHA appraiser eligibility requirements and the application process, as well appraiser responsibilities and compliance actions, eligibility guidelines for appraisers performing appraisals and reporting results, data delivery requirements related to the FHA Uniform Appraisal Dataset and instructions to help appraisers accurately complete FHA appraiser forms.
FHA developed the documents in an effort to provide appraisers a more consistent approach to its policies. Stakeholders can submit comments on the draft policies through Sept. 2.
Review the documents and provide feedback here