Home Lenders FAQs - Lenders Does the DE Underwriter has the authority to waive cosmetic repairs listed on the FHA appraisal ?
Does the DE Underwriter has the authority to waive cosmetic repairs listed on the FHA appraisal ?

Please refer to Handbook 4000.4 Rev-1 (3-3G.)

 " The underwriter may also add comments or corrections to modify or amend the report by using the "Direct Endorsement Underwriter/HUD Reviewer Analysis of Appraisal" form (see Appendix 15).

Comments or corrections must be supported by HUD valuation policy and adequately documented. This includes the adjusting of value, the removal or addition of repair requirements, and the overall determinations of property approval and rejection, etc".    (Source: www.hud.gov)

 

Expert Skills

FHA Approved Appraiser
with 25+ years of Qualifications and Experience

Manufactured/Mobile
Home Appraisal, Inspection and Valuation

Certified Appraiser
SCGREA General Appraiser as Staff Supervisor

Condo Project Approvals
for FHA/HUD, VA, Fannie Mae & Freddie Mac