Form HUD-54114 Direct Endorsement Underwriter/HUD Reviewer Analysis of

Direct Endorsement Underwriter/
HUD Reviewer
Analysis of Appraisal Report

U.S. Department of Housing OMB Approval No. 2502-0477 (exp. 01/31/2013)
and Urban Development
Office of Housing
Federal Housing Commissioner

Public reporting burden for this collection of information is estimated to average 3 minutes per response, including the time for reviewing instructions, searching
existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information.
This agency may not collect this information, and you are not required to complete this form, unless it displays a currently valid OMB control number.

Borrower's Name

FHA Case Number

Property Address

Appraiser's Name

Lender Loan Number

Appraiser's Estimate of Value: $

1. Does the appraisal report present a consistent and fair analysis of the property?

Yes

No (Explain)

2. Comment on the report's quality, completeness, consistency, and accuracy.

3. Are the comparables acceptable?

Yes

No (If not, the appraisal should be returned to the appraiser.)

4. Are the adjustments acceptable both as to items adjusted and the amount allocated to each item adjusted?

Yes

5. Is the value acceptable for HUD/FHA loan purposes?

Yes

Yes

No If not, should it be corrected?

No (Explain)

No

Value for HUD/FHA loan purposes $__________________________ . Provide justification for correction.

6. Repair Conditions

7. Other Comments

DE Underwriter (Name)

CHUMS Number

Date

DE Underwriter Signature

HUD Reviewer (Name and Signature)

form HUD-54114 (2/93)
ref. Handbook 4000.4