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. 

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