Appraisers' Free Forum

**Otis** · Posted: Tue Apr 22, 2008 5:34 pm Post subject: FHA Education and Announcements

Message for FHA Appraisers and Lenders:

For applicants to the FHA Appraiser Roster:

On May 5, 2008 FHA will launch an online appraiser application process that will replace the existing paper applications. In preparation for the transition, the cut off date for submitting paper applications is April 22, 2008. Applications that are postmarked or time dated later than April 22, 2008 will not be accepted nor returned. Appraisers are encouraged to wait until May 5, 2008 to make application rather than rush to submit a paper application. Appraisers who have already submitted paper applications do not need to reapply online. In the coming weeks, be on the look out for updates that will be posted to http://www.hud.gov/offices/hsg/sfh/appr/apr_rost.cfm regarding the online application process.

For FHA Roster appraisers renewing licenses/certifications:

Due to a recent audit by HUD’s Office of the Inspector General (OIG), FHA must ensure that the license or certification number listed on the FHA Appraiser Roster matches exactly with the number posted on the National Registry of the Appraisal Subcommittee (ASC). Appraisers may visit ASC’s web page at http://www.asc.gov/ to compare their state issued license or certification number with that posted on the National Registry. Although FHA has not yet implemented this policy of exactly matching the appraiser’s state issued license or certification number, as renewals come in our processors have begun to match the numbers exactly with that posted on the National Registry to assure timely renewals in the future.

For FHA lenders unable to locate appraisers in FHA Connection:

If FHA lenders are unable to locate an appraiser listed on the FHA Appraiser Roster by using the number shown on the state issued license or certification, lenders should use the FHA Connection Appraiser List screen and search by name and state. The license or certification number displayed on the Appraiser List page for the selected appraiser should be used when ordering a Case Number on the Case Number Assignment screen.

AND

April 15, 2008

MORTGAGEE LETTER 2008-10

TO: ALL APPROVED MORTGAGEES

SUBJECT: Update to Mortgagee Letter 2004-40, Single Family Real Estate Owned (Property Disposition), National Management and Marketing Contractors

The purpose of this Mortgagee Letter is to provide updated information to Mortgagee Letter 2004-40 issued September 30, 2004. With the exception of the updated information in this Mortgagee Letter, all other information identified in Mortgagee Letters 2004-45, 2005-04, 2005-07, 2005-12, 2005-25, 2005-29, 2005-35, 2006-02 and 2006-19 remains in effect…

To read this mortgagee letter(s) in its entirety, please visit: http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/ view the 2008 letters and click on the letter of your choice. Mortgagee Letters from previous years can be found on the same page.

AND

Housing Counseling Agencies:

It has been brought to HUD’s attention that there is some confusion in the industry regarding how to report and complete the form HUD-9902 on a quarterly basis.

When accessing the HCS database to submit a quarterly form HUD-9902, please be certain to click on the tab for the appropriate time period - currently “Quarter 2”. Some agencies have overwritten their first quarter submission because they did not select “Quarter 2” for the second reporting period. If you made this mistake, please access the HCS database and re-enter your total activity for the first quarter.

Then select “Quarter 2” and pull up your second quarter form HUD-9902 activity report and enter the total cumulative activity for both the first and second quarters. The data you are reporting for your second quarter submission should be cumulative.

Similarly, for the third quarter form HUD-9902 activity report, the total activity you should report will be for the first, second and third quarters activity. For the fourth quarter form HUD-9902 activity report, the total activity you will be reporting will for the first, second, third and fourth quarters activity. If you did not provide cumulative data for your second quarter submission, please access the HCS database and re-enter your total cumulative activity for the two quarters. If you have any questions regarding this matter, please contact your local FHA Homeownership Center Program Support representative.

AND

FHA Training around the nation:

May 5-8, 2008 - Hato Rey, PR. 2008 HUD/FHA Education Session at the HUD Field Office at Parque Las Americas I, 235 Federico Costa Street, Room #200, Hato Rey, Puerto Rico 00918. For more information contact Olga Lopez at (787) 766-5400 x2069. Registration required, no fee. More info at: http://www.hud.gov/offices/hsg/sfh/events/apr050508.pdf

May 5-9, 2008 - Cincinnati, OH. NeighborWorks® Training Institute foreclosure counseling training. Registration required, scholarship available on a limited basis to qualified non-profit agencies. For more info: http://www.nw5.org/training/index.php?sid=58a593f3f1243c6740c90dec488c3856

May 6, 2008 - Orlando, FL. FHASecure Training & Basic FHA Update for FHA Mortgage Professionals at the Orlando World Center Marriott Resort & Convention Center. Registration required, no fee. For more info: http://www.hud.gov/offices/hsg/sfh/events/afl050608.pdf

May 6, 2008 - Atlanta, GA. FHA Training for industry partners at the Atlanta Homeownership Center, Montalvo Room - 11th Floor, 40 Marietta Street, Atlanta, Georgia 30303. Registration required, no fee. For more info: http://www.hud.gov/offices/hsg/sfh/events/aga050608.pdf

May 7, 2008 - Portland, ME. FHA Loss Mitigation Training sponsored by HUD. Registration required, no fee. For more info: http://www.hud.gov/offices/hsg/sfh/events/pme050708.pdf

May 7-9, 2008 - Phoenix, AZ. FHA Direct Endorsement Underwriting Training. FHA Underwriting 101, case studies covering mortgage calculation, underwriters’ responsibilities, Automated Underwriting, Underwriting the FHA Appraisal & more. Registration required, fee. More information at: http://www.hud.gov/offices/hsg/sfh/events/saz050708.pdf

May 8, 2008 - Chicago, IL. FHASecure Training & Basic FHA Update for FHA Mortgage Professionals at the Hilton Chicago. Registration required, no fee. For more info: http://www.hud.gov/offices/hsg/sfh/events/ail050808.pdf

May 13, 2008 - Arlington, TX. FHA Secure Training & Basic FHA Update. What have you heard about FHA Secure? FREE, one day seminar for FHA-approved lenders, originators, and real estate sales professionals. Get the facts directly from FHA representatives about FHASecure, the Economic Stimulus Package, FHA Lender Approval, & more. Registration required. For more info: http://www.hud.gov/event_registration/index_2.cfm?eventID=940

May 13, 2008 – Denver, CO. Basic Direct Endorsement Underwriting. FREE, one-day class covers basic FHA underwriting procedures and updates. The class is geared toward all beginner underwriters, loan officers and processors and will provide a thorough understanding of underwriting FHA-insured loans. Registration required. For more info: http://www.hud.gov/event_registration/index_2.cfm?eventID=948

May 14, 2008 - Arlington, TX. Learn about FHASecure. Get the basics about FHASecure, the innovative refinance product created to assist homeowners struggling with a high interest rate mortgage. FREE, half-day seminar for housing counselors, non-profits & faith-based organizations, Community Housing Development Organizations, & local government officials. Learn the facts directly from FHA representatives. Registration required. For more info: http://www.hud.gov/event_registration/index_2.cfm?eventID=942

May 14, 2008 – Denver, CO. The FHA Appraisal. FREE one-day class for appraisers & lenders will discuss FHA appraisal requirements including FHA Appraisal Protocol and the review of FHA property appraisals. Approved for seven (7) hours of Continuing Education Credit from the State of Colorado. Registration required. For more info: http://www.hud.gov/event_registration/index_2.cfm?eventID=946

May 14, 2008 - Flint, MI. Loss Mitigation Training & Single Family FHA Update at the HUD Office, Phoenix Building, 4th Floor, 801 S. Saginaw Street, Flint, MI. 9:00am. To register, contact Margaret Baumgart at: (810) 766-5112 x5110 or by email at margaret.j.baumgart@hud.gov Registration required, no fee. Seating is limited.

May 14-15, 2008 - San Francisco, CA. Foreclosure Basics for Housing Counselors. Sponsored by NeighborWorks® Center for Homeownership Education & Counseling & HUD. Scholarships available for qualified staff of HUD approved housing counseling agencies. Registration required, fee. Don’t miss out on this great training opportunity, register today! For more info: http://www.nw.org/network/training/HUDTraining.asp

May 15, 2008 – Denver, CO. Advanced Direct Endorsement Underwriting. FREE, one-day class covers advanced FHA underwriting procedures and updates. The class is geared toward all experienced underwriters, loan officers and processors and will provide a thorough understanding of more complex situations regarding underwriting FHA-insured loans. Recommended for those with at least 1 year experience of DE underwriting. Registration required. For more info: http://www.hud.gov/event_registration/index_2.cfm?eventID=947

May 15, 2008 - Santa Ana, CA. FHASecure Community Meeting. FHA information for Housing counselors, local government & HUD partners. Registration required, no fee. To Register call Leatrice Shelton at: 208-334-1087 Ext.3013, email, or register on-line. For more info: http://www.hud.gov/apps/calendar/event.cfm?state=ca&record=8400&scheduleID=8163&calendarID=8

May 16, 2008 - Newport Beach, CA. FHASecure Training & Basic FHA Update for FHA Mortgage Professionals. Registration required, no fee. For more info: http://www.hud.gov/offices/hsg/sfh/events/sca051608.pdf

May 22, 2008 - Phoenix AZ. Highlights of Completing Today’s FHA Appraisal. Learn about FHA Resources, FHA Roster, the Appraisal Package with an emphasis on the URAR & Property Requirements directly from FHA. Registration required, fee. For more info: http://www.hud.gov/offices/hsg/sfh/events/saz052208.pdf

May 28, 2008 - San Antonio, TX. Training seminar on how to apply & become a HUD-Approved Housing Counseling Agency. Presented by HUD. Registration required, no fee. More info at: http://www.hud.gov/offices/hsg/sfh/events/dtx052808.pdf

August 20-21, 2008 - Oklahoma City, OK. Early delinquency servicing activities and HUD's Loss Mitigation program training for HUD-approved mortgagees, HUD-approved Housing Counselors, and Nonprofit Housing Counselors. Registration required, no fee. More info at: http://www.hud.gov/offices/hsg/sfh/nsc/training.cfm

Online FHA Processing Training Class for Mortgage Processors, Underwriters & Originators. Sponsored by the IRC. Live, instructor led online FHA training classes to students nationwide. Registration required, fee. More info at: http://www.fha-training.org/

FHA Training Classes sponsored by the RSS. Instructor led & online FHA training classes to mortgage industry students nationwide. Registration required, fee. More info at: http://www.rsminc.org/MISSIONS/LAKESHOREMISSISSIPPI/tabid/69/Default.aspx

NeighborWorks® Training Institute conducts frequent training workshops around the nation for non-profit housing professionals. Scholarships are available on a limited basis for qualified non-profit agencies. More info at: http://nw.org/network/training/training.asp

The Illinois Mortgage Bankers Association (IMBA) conducts frequent training workshops for mortgage professionals on FHA subjects. Visit their website for a calendar of upcoming training opportunities. More info at: http://www.imba.org/i4a/pages/index.cfm?pageid=1

For more information on, and to register for these training opportunities please visit: http://www.hud.gov/offices/hsg/sfh/events/events .
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