FHA APPRAISER
Effective
February 15, 2010
HUD has
recently mandated that appraisals for all FHA transactions with case numbers
ordered on or after February 15th, must comply with the Appraiser
Independence ordering process, which is in effect similar to the recently
enacted HVCC ordering process on Conventional loans. The new requirement
prohibits mortgage brokers and commission based lender staff from the appraisal
process. To order an FHA appraisal with Gateway Mortgage Group, go to our
website www.gmos.us - choose order appraisal,
and follow the appraisal order process. It is the same process currently in
place for ordering appraisals for Conventional loans.
Gateway Mortgage
Group would like to extend the opportunity for your FHA appraisers to sign up
with our Appraisal Management Company, Reliable Appraisal Management. This will
allow your FHA appraisers to be eligible for selection on appraisal
assignments. Please send their contact information to appraisals@gmos.us and we will
extend them an invitation. In order to stay compliant, you will not be able to
select the appraiser, but your appraiser could be eligible for rotation when
appraisals are ordered in your area. Reliable Appraisal Management strives to
deliver timely, quality appraisals. If you have questions feel free to contact
Reliable Appraisal Management at appraisals@gmos.us
or 918-392-8588.
Appraisal
Department
Gateway
Mortgage Group