Special News Bulletin - Possible delay in implementation of FHA certification requirements

It has come to our attention that the FHA is strongly considering delaying the requirement that appraisers be certified for an additional six months. While they previously anticipated extending the certification requirement in a number of states, they are now looking at the possibility of extending implementation in all fifty states partly due to their concern that a shorter time frame presents an undue financial hardship for many appraisers. While this is counter to the congressional legislation mandating the use of certified appraisers only, it appears as though there is a good possibility that this extension may take place.

While this is the case, usage of certified appraisers only by the FHA does seem a certainty and appraisers interested in remaining on the FHA roster should make the necessary arrangements to satisfy their educational requirements as soon as possible. This possible delay is good news for many appraisers if it comes to pass but the situation appears to be fluid and licensed appraisers are well advised to complete the requirements to be certified as soon as possible in the eventuality that congressional mandates override FHA concerns and implementation does take place within a shorter time frame.