About Appraisal Logging
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Using Appraisal Logging  
  HECM Appraisals  
 

Appraisal logging for Home Equity Conversion Mortgage (HECM) direct endorsement (DE) cases varies slightly from other types of cases. Here are some tips:

Using the Appraisal Logging Update page, enter HECM appraisals as soon as possible (information cannot be loaded using the FHA's Electronic Appraisal Delivery (EAD) portal).
   
The Maximum Claim Amount is calculated using the Appraisal Logging Update page and then displayed on the Appraisal Logging Results page. The Maximum Claim Amount is needed to determine the upfront MIP due.
   
The HECM Financial Assessment page may be completed before or after the Appraisal Logging page; however, both must be completed before you can begin entering case information on the HECM Insurance Application page.
   
You are not required to enter Date of Contract or Contract Price for HECM traditional and refinance cases.
   
For more information, view help links by selecting Help and choosing one of the options (Steps for Processing, Field Descriptions, and Business Background).
 
Topics
 
  Before Appraisal Logging:  
  Appraisal Logging Authorization  
  Using Appraisal Report Forms  
  Using Appraisal Logging:  
  Tips for Entering Other Appraisal Information  
  HECM Appraisals  
  Second Appraisals  
  Electronic Appraisals and System Messages  
  After Appraisal Logging:  
  Reviewing Appraisal Information  
  Updating Appraisal Information  
  Property Flipping:  
  What Is Property Flipping?  
  What Is HUD Doing about Property Flipping?  
 

Property Flipping and Appraisal Logging