Direct Endorsement Underwriter/HUD Reviewer - Analysis of Appraisal Report

Forms and Documents

Document Name	Status
Form HUD-54114 Direct Endorsement Underwriter/HUD Reviewer - Analysis of Appraisal Report Form	Modified
83C.doc Justification for No Material/Nonsubstantive Change	2006-12-01
ICR_2502-0477.DOC Supporting Statement A	2006-08-21

IC Document Collections

IC ID	Document Title	Status
27220	Direct Endorsement Underwriter/HUD Reviewer - Analysis of Appraisal Report Form	Modified

ICR Details

OMB Control No: 2502-0477	ICR Reference No: 200612-2502-001
Status: Historical Active	Previous ICR Reference No: 200608-2502-005
Agency/Subagency: HUD/OH	Agency Tracking No:
Title: Direct Endorsement Underwriter/HUD Reviewer - Analysis of Appraisal Report
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/11/2006
	Date Received in OIRA: 12/01/2006
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2009	11/30/2009	11/30/2009
Responses	375,000	0	375,000
Time Burden (Hours)	18,750	0	18,750
Cost Burden (Dollars)	0	0	1

---

Abstract: This information is provided by lenders or FHA staff reviewers and collected for the review of deficient information contained in the appraisal report. The information is used FHA in monitoring the quality of the lender's analysis of the appraisal report, identifying areas of weakness for future training, and removing lenders that consistently exhibit careless underwriting and subsequently pose a financial the risk to the Department.

---

Authorizing Statute(s): None

Citations for New Statutory Requirements: None

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	71 FR 109	06/07/2006
30-day Notice:	Federal Register Citation:	Citation Date:
	71 FR 175	09/11/2006
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Direct Endorsement Underwriter/HUD Reviewer - Analysis of Appraisal Report	HUD-54114	Direct Endorsement Underwriter/HUD Reviewer Analysis of Appraisal Report

---

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	375,000	375,000	0	0	0	0
Annual Time Burden (Hours)	18,750	18,750	0	0	0	0
Annual Cost Burden (Dollars)	0	1	0	0	-1	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

---

Annual Cost to Federal Government: $562,500

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

---

Common Form ICR:  No

---

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 12/01/2006

---