The Mortgagee must ensure that the appraisal was performed
- by an FHA Roster Appraiser; and
- in accordance with FHA appraisal reporting requirements as detailed in Handbook 4000.1 and the Appraisal Report and Data Delivery Guide.
If the Appraiser determines that the scope of work is met with regard to Minimum Property Requirements, Minimum Property Standards, and USPAP compliance, and further determines that a re-inspection of the Property is not necessary, the effective date of the appraisal may be the date of the original inspection. However, if an FHA-compliant inspection is required, the date of the inspection will become the effective date of the new appraisal.
The Appraisal Report and Data Delivery Guide can be accessed on the Single Family Housing Policy Handbook 4000.1 (SF Handbook) Supplemental Documents web page at https://www.hud.gov/program_offices/housing/sfh/handbook_references
For FHA policy information see Handbook 4000.1 Sections II.A.1.a.iii.(B)(7) and II.D.1.a. at https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh