ValuAmerica, a national title agency, appraisal management company (AMC) and technology provider, is now integrated with the Federal Housing Administration’s (FHA) Electronic Appraisal Delivery (EAD) portal, which allows FHA-approved lenders and their designated third-party service providers to electronically transmit appraisal data and reports to the FHA.
The EAD portal also reviews submissions against FHA appraisal data and report requirements in real time and provides warning notifications if there are any discrepancies that lenders need to address.
The use of the EAD portal will be required for all FHA-approved lenders effective June 27. ValuAmerica is one of the first AMCs to provide its lender clients with access to the EAD portal with a direct system-to-system integration.
“We’re committed to providing our clients with the services and technology they need to successfully run their mortgage businesses,” says Shawn Murphy, executive vice president of ValuAmerica, in a release. “Integrating with FHA’s EAD portal will help our clients enormously by streamlining data entry processes, allowing them to seamlessly upload reports to FHA, and reducing error rates before endorsement by identifying any appraisal data or compliance issues up front.”