FHA Appraisal Requirments

Submitted by paula.parisot on Thu, 05/06/2010 - 11:39

The U.S. Department of Housing and Urban Development informed mortgagees they can obtain a case number in FHA Connection without first having to select an appraiser from the FHA's roster or input the appraiser's information in the case number assignment screen, according to Mortgagee Letter 2010-15. The update went into effect on Feb. 15.

HUD also said the effective appraisal date must be subsequent to the case number assignment date, with limited exceptions.

Read the letter here.