Appraisal License Renewals

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Chapter 1
Appraisal & Property Requirements
Page 1-07

To be eligible for placement on the FHA roster of appraisers, and thus be eligible for selection by a lender to appraise a property that will be security for FHA insured mortgage financing, an appraiser must:

	be state-licensed or state-certified with credentials based on the minimum licensing/certification criteria issued by the Appraiser Qualifications Board (AQB) of the Appraisal Foundation, This is true even if the state subsequently adopted AQB criteria and "grandfathered" previously licensed or certified appraisers,
	not be listed on either the General Services Administration’s Suspension and Debasement List, HUD’s Limited Denial of Participation (LDP) List, or HUD’s Credit Alert Interactive Voice Response System (CAIVRS), and
	pass a HUD/FHA examination on appraisal methods and reporting.

An appraiser’s status is automatically changed to inactive in CHUMS upon the expiration of the appraiser’s license. The appraiser is responsible for notifying HUD of any changes in their personal data. It is also highly recommended that appraisers submit their renewed license prior to their license’s expiration date. Detailed instructions on the procedure to obtain placement on the FHA Appraiser Roster and appraiser license renewal and updates are located on our website.

If an appraisal assignment is made without a case number and verification that the appraiser is currently on the Roster, the lender takes the risk of not being able to obtain a case number and/or insurance if an appraiser cannot be approved or reinstated. Lenders are cautioned that appraisers can be removed at any time from the Roster for disciplinary actions.