Pointer Appraisal Northeast Ohio Property Economics & Appraisal Blog

HUD mortgagee letter dated 3/23/09 sets out changes for FHA appraisal requirements. Including use of dated comparables, verification sources, and requiring use of the 1004mc form for appraisals dated on or after April 1, 2009.

A copy of the mortgagee letter is located at the HUD website at:

http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/files/09-09ml.doc

Our office is assessing the impact of these items on the appraisal process and will be keeping them in mind when we bid and engage assignments.

Additionally, for FNMA conventional appraisals the 1004mc form is required for appraisals dated on or after April 1, 2009.

Please let us know if you have any questions regarding the changes. As valuation professionals, we look forward to providing clients with analysis and reports which meet the requirements of the secondary market and insurers.

In addition to providing more information to the client, the inclusion of the above forms and data in the scope of work and analysis will provide the client additional insight into the valuation and trends in the marketplace.  We look forward to providing this elevated level of analysis to our clients.

Pointer Appraisal Services, seeks a Real Estate Appraisal Assistant.  This is a paid position which, with acceptable performance, will provide experience hours necessary to attain Certification as a Certified Residential Real Estate Appraiser in Ohio. 

Details and application can be found at:

http://www.pointerappraisal.com/CareersandInternships

Effective March 6, 2009 the new corporate mailing address is:

Pointer Appraisal Services LLC
3867 W MARKET ST
Unit #224
AKRON OH  44333-2449

All telephone numbers will remain the same.