SOURCE: Mortgage News Feed
The Federal Housing Administration Office of Single Family Housing is developing a new web-based portal for electronic appraisal report and data submissions. The FHA is working to launch the working-titled Electronic Appraisal Delivery (EAD) portal in 2015 after a period of testing this summer. The portal will be similar to the Uniform Collateral Data Portal, already in use by Fannie Mae and Freddie Mac. When the portal is fully operational, mortgagees will be able to submit electronic appraisal data to the FHA. “When completed, the FHA EAD.
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