We had a very interesting meeting with the FHA last week.  One of the most interesting things, to me, was the ways they have to monitor appraisers and lenders.

The FHA has a system to track all properties, lenders and appraisers.  They watch to see if multiple appraisals are being done on a property.  They watch to see which lender and which appraiser is involved with which property.   And, they have a number of mechanisms to alert them to mischief.

As the FHA continues to be a larger and growing part of the residential real estate finance market, it will be ever more important to keep ones relationship with them on good standing.

Attending one of their current presentations is highly recommended.

Rlaph Olsen, IFA

Pacific West Appraisal Services, Inc

pwas.net