The Federal Housing Administration (FHA) said that mortgagee registration for its Electronic Appraisal Delivery (EAD) portal will open Aug. 17. Mortgagees can register for one of seven available onboarding phases using the registration capability in FHA’s FHA Connection (FHAC) system.
The EAD portal will be required for use for all appraisals conducted with FHA-approved loans beginning June 27, 2016. The EAD portal promotes quality up-front appraisal data. This, in turn, reduces post-endorsement appraisal data corrections, and makes it easier for mortgagees and others to do business with FHA. The benefits of this electronic technology will be available from FHA to mortgagees for free.
To begin using the EAD portal, mortgagees must register for and participate in an onboarding phase. The onboarding phase allows mortgagees to become familiar with the portal and to work through data submissions in a live environment. More information on the onboarding phase, and how to register for a phase in FHAC, is available on the Mortgagee
Onboarding Process web page.
FHA strongly encourages mortgagees to register for the earliest possible onboarding phase. By migrating to portal use in an early onboarding phase, a mortgagee will have more time to work within the EAD portal to ensure that their systems, data flow, and operational processes map to portal requirements before the mandatory date.
To prepare for onboarding, mortgagees should review FHA’s EAD portal pre-recorded, self-paced training resources ahead of the start of their onboarding phase. The following modules are accessible from FHA’s Single
Family Archived Webinars web page: