FHA Sets Electronic Appraisal Submission Date for June 2016

SOURCE: Mortgage News Feed

The Federal Housing Administration will require single family home mortgage appraisals to be submitted through an online electronic delivery portal starting on June 27, 2016, the agency announced Thursday. The announcement has been anticipated for some time. The FHA reveled its plan to collect electronic appraisals in 2012 but hoped to deploy the system this year instead of next. 

To read the entire article, please visit:
http://www.nationalmortgagenews.com/news/technology/fha-sets-electronic-appraisal-submission-date-for-june-2016-1047428-1.html


About The Author

Each week we post articles on FHA/VA Government news topics, ranging from FHA Direct Endorsement Underwriters, to current FHA underwriting guidelines, to new FHA rules/regulations, FHA compliance, FHA lending requirements and much more! PLEASE NOTE: We are NOT owned, operated or affiliated with HUD, FHA or the Federal Government in any way.


Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.