WELCOME To SINGLE FAMILY HOUSING LENDER TRAINING - HUD

More documents

Recommendations

Info

―Direct Endorsement lenders are reminded that if the appraiser they selected provides a poor or fraudulent appraisal that leads FHA to insure a mortgage at an inflated amount, the lender is held responsible, equally with the appraiser, for the integrity, accuracy and thoroughness of an appraisal submitted to FHA for mortgage insurance purposes.‖
With Whom Does the Appraiser Communicate? The appraiser is to discuss the appraisal only with the DE Underwriter who is responsible for the quality of the appraisal report. Only the underwriter is allowed to request clarifications and discuss with the appraiser components of the appraisal that influence its quality. FHA - Serving the American Homebuyer Since 1934
Page 1 and 2: WELCOME To SINGLE FAMILY HOUSING LE
Page 3: Underwriting The Appraisal Presente
Page 8 and 9: Uniform Residential Appraisal Repor
Page 12 and 13: Observing the Site FHA requires the
Page 14 and 15: Individual Water Supply and Sewage
Page 16 and 17: Accessory Units FHA - Serving the A
Page 18 and 19: Interior - Materials Condition •
Page 22 and 23: Uniform Residential Appraisal Impro
Page 24 and 25: Property Condition Requirements Typ
Page 32 and 33: Uniform Residential Appraisal Cost
Page 34 and 35: Required Exhibits Location Map Maps
Page 36 and 37: Required Exhibits Photographs Photo
Page 39 and 40: Appraisal Practices in a Declining
Page 41 and 42: When is a second appraisal required
Page 43 and 44: Page Two of Conditional Commitment
Page 45 and 46: FNMA 1004D FHA - Serving the Americ
Page 47 and 48: Appraisal Forms • Form 1004 Unifo
Page 49: Appraisal Serving as Final Inspecti
Page 53 and 54: HUD Certification Label; “Red Tag
Page 55 and 56:
Missing HUD Label ? Obtain the lab
Page 57 and 58:
Manufactured Home: Cost Approach
Page 59 and 60:
Condo or PUD? Condominium • Any m
Page 61 and 62:
Condominiums are set forth in the C
Page 63 and 64:
Handbooks 4150.2 (6/99) Valuation
Page 65 and 66:
Energy Efficient Mortgage Program
Page 67 and 68:
Eligible Costs Borrower may add up
Page 69 and 70:
Eligible Properties New and existi
Page 71 and 72:
HERS Raters 1. Utility Companies 2.
Page 73 and 74:
Home Energy Rating Report continued
Page 75:
A link to a spreadsheet providing a
Page 82 and 83:
Example of an Energy Efficient Mort
Page 84 and 85:
Example of EEM calculation continue
Page 86 and 87:
Processing 1. The HERS report and t
Page 88 and 89:
Underwriting & Qualifying the Borro
Page 91 and 92:
Endorsement continued 1. Existing p
Page 93 and 94:
Energy Efficient Mortgage Worksheet
Page 95 and 96:
questions
Page 97:
Disclosure The purpose of this pre
show all

WELCOME To SINGLE FAMILY HOUSING LENDER TRAINING - HUD

Create successful ePaper yourself

Delete template?

Save as template?