Form HUD 54114 is a form used to report various information on the physical condition of a property. This form is used by both lenders and borrowers in order to document the property's condition before and after the loan closes. The information reported on this form can help determine whether or not a property is in compliance with the terms of the loan, and can also be used as evidence in case of a dispute. completion date Form HUD 54114 must be completed within 10 days of the property's completion date. It's important to ensure that all information is accurate and complete, as this form can have a significant impact on the success of your loan transaction.
| Question | Answer |
|---|---|
| Form Name | Form Hud 54114 |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | 54114 why use direct endorsement underwriter hud reviewer analysis of appraisal form |
Direct Endorsement Underwriter/
HUD Reviewer
Analysis of Appraisal Report
U.S. Department of Housing OMB Approval No.
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
Property Address
FHA Case Number |
Lender Loan Number |
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Appraiser's Name
Appraiser's Estimate of Value: $
1. |
Does the appraisal report present a consistent and fair analysis of the property? |
Yes |
No (Explain) |
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2. |
Comment on the report's quality, completeness, consistency, and accuracy. |
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3. |
Are the comparables acceptable? |
Yes |
No |
(If not, the appraisal should be returned to the appraiser.) |
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4. |
Are the adjustments acceptable both as to items adjusted and the amount allocated to each item adjusted? |
Yes |
No (Explain) |
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5. |
Is the value acceptable for HUD/FHA loan purposes? |
Yes |
No If not, should it be corrected? |
Yes |
No |
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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)
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