Peter Gillispie

After nearly 20 years in the real estate industry, Pete Gillispie began his federal career as a staff appraiser with the U.S. Army Corps of Engineers, North Atlantic Division, in 1998 and came to the Federal Housing Administration (FHA), part of the Department of Housing and Urban Development (HUD), in 2003 as a staff appraiser at the inception of the Home Valuation Policy Division (HVPD) in the Office of Single Family Housing Program Development.

He recently retired from HUD where he was the Deputy Director of HVPD, which is responsible for the management of the FHA Appraiser Roster and real estate valuation policy and appraisal reporting requirements pertaining to one-to-four single-family dwellings as well as the Home Equity Conversion Mortgage (HECM) Program. In addition to his duties at FHA, Pete represented HUD on the Appraisal Subcommittee (ASC) for nearly 6 years and was appointed Chairman of the ASC during his final year with HUD. Pete was also HUD's representative to The Appraisal Foundation Advisory Council (TAFAC) for a period of 9 years.

Prior to his government service, Pete worked 18 years as an independent fee appraiser, 12 of which were with an appraisal consulting firm which specialized in the valuation of commercial, industrial and high end residential properties. Additionally, Pete held a real estate sales license for 12 years and was a member of the National Association of Realtors. Pete is a certified general appraiser, holds a Bachelor's degree in History from the University of New Hampshire, and lives in Annapolis, MD with his wife. Currently, Pete is an independent contractor and consultant on appraisal related matters.

Observing FHA Inspection Protocols Can Be An Asset.

Monday, September 22, 2014

A frequent complaint of appraisers is that they are not home inspectors but familiarity with residential construction is an important tool in the appraiser's arsenal. Knowledge of home construction and related techniques can be accomplished through CE (continuing education) courses and shouldn't place any additional burden on appraisers as they are required to satisfy minimum CE credits each licensing or certification period. There are a number of CE providers who offer courses related to home construction, ranging from a general overview of residential construction to green buildings.