Update relevant policies and procedures for appraiser roster management so that they align with each other and with regulations and reflect HUD practice. At a minimum, the policies and procedures should clearly cover appraiser roster status, license expiration, disciplinary actions, removals, data accuracy, and documentation.
Publication Report
2024-NY-0001 | July 30, 2024
HUD’s FHA Appraiser Roster is Generally Reliable but Opportunities to Improve Data Management Exist
We audited HUD’s management of its FHA appraiser roster to determine whether the roster was accurate and reliable. We selected this review because a prior audit identified weaknesses related to roster oversight and because this topic aligns with… moreRelated Recommendations
Housing
- Status2024-NY-0001-001-BOpenClosed
Maintain historical data for each appraiser record, including history on expiration dates, when appraisers are moved on or off the appraiser roster and when they are and are not allowed to be assigned to conduct appraisals.
- Status2024-NY-0001-001-COpenClosed
Improve quality assurance processes by adding steps to verify that the appraiser roster is accurate and reliable over time through testing of its logic-based system controls and data fields.