[Federal Register Volume 78, Number 13 (Friday, January 18, 2013)]
[Notices]
[Pages 4159-4160]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-01064]
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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5683-N-05]
Notice of Proposed Information Collection: Comment Request;
Direct Endorsement Underwriter/HUD Reviewer--Analysis of Appraisal
Report
AGENCY: Office of the Chief Information Officer, HUD Commissioner, HUD.
ACTION: Notice.
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SUMMARY: The proposed information collection requirement described
below will be submitted to the Office of Management and Budget (OMB)
for review, as required by the Paperwork Reduction Act. The Department
is soliciting public comments on the subject proposal.
The Department requires Direct Endorsement Underwriters to maintain
responsibility for the appraisal and the
[[Page 4160]]
appraised value. When the DE Underwriter disagrees with the value
conclusion and cannot reach the appraiser or the appraiser refuses to
change the appraisal, the Department allows the DE Underwriter to make
changes and requires the underwriter to do so on the HUD 54114. The
information collected is used by FHA to monitor the quality of the
lender's analysis of the appraisal report, identify areas of weakness
for future training, and removing lenders that consistently exhibits
careless underwriting and subsequently affect the risk to the
Department.
DATES: Comments Due Date: February 19, 2013.
ADDRESSES: Interested persons are invited to submit comments regarding
this proposal. Comments should refer to the proposal by name and/or OMB
Control Number (2502-0477) and should be sent to: HUD Desk Officer,
Office of Management and Budget, New Executive Office Building,
Washington, DC 20503; Email: OIRA Submission @omb.eop.gov fax: 202-395-
5806.
FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management
Officer, QDAM, Department of Housing and Urban Development, 451 7th
Street SW., Washington, DC 20410; email [email protected];
telephone (202) 402-3400. This is not a toll-free number. Copies of
available documents submitted to OMB may be obtained from Ms. Pollard.
SUPPLEMENTARY INFORMATION: The Department is submitting the proposed
information collection to OMB for review, as required by the Paperwork
Reduction Act of 1995 (44 U.S.C. chapter 35, as amended).
This Notice is soliciting comments from members of the public and
affected agencies concerning the proposed collection of information to:
(1) Evaluate whether the proposed collection is necessary for the
proper performance of the functions of the agency, including whether
the information will have practical utility; (2) Evaluate the accuracy
of the agency's estimate of the burden of the proposed collection of
information; (3) Enhance the quality, utility, and clarity of the
information to be collected; and (4) Minimize the burden of the
collection of information on those who are to respond; including the
use of appropriate automated collection techniques or other forms of
information technology, e.g., permitting electronic submission of
responses.
Title of Proposal: Direct Endorsement Underwriter/HUD Reviewer--
Analysis of Appraisal Report.
OMB Control Number, if applicable: 2502-0477.
Description of the need for the information and proposed use: The
Department requires Direct Endorsement Underwriters to maintain
responsibility for the appraisal and the appraised value. When the DE
Underwriter disagrees with the value conclusion and cannot reach the
appraiser or the appraiser refuses to change the appraisal, the
Department allows the DE Underwriter to make changes and requires the
underwriter to do so on the HUD 54114. The information collected is
used by FHA to monitor the quality of the lender's analysis of the
appraisal report, identify areas of weakness for future training, and
removing lenders that consistently exhibits careless underwriting and
subsequently affect the risk to the Department.
Agency form numbers, if applicable: HUD-54114.
Estimation of the total numbers of hours needed to prepare the
information collection including number of respondents, frequency of
response, and hours of response: The estimated total number of burden
hours needed to prepare the information collection is 27,916; the
number of respondents is 127,000 generating approximately 127,000
annual responses; the frequency of response is on occasion; and the
estimated time needed to prepare the response is .05 hour per response.
Status of the proposed information collection: Extension of a
currently approved collection.
Authority: The Paperwork Reduction Act of 1995, 44 U.S.C.
chapter 35, as amended.
Dated: January 15, 2013.
Colette Pollard,
Departmental Reports Management Officer, Office of the Chief
Information Officer.
[FR Doc. 2013-01064 Filed 1-17-13; 8:45 am]
BILLING CODE 4210-67-P