Appraiser News
FHA announces EAD systems updates
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Appraiser News
Monday, August 8, 2016
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The Federal Housing Administration (FHA) implemented system updates to its Electronic Appraisal Delivery (EAD) portal and FHA Connection (FHAC) technology. These updates will provide new functionality for related entities to view and work with appraisal reports.
Currently, both the originating lender (Principal) or the underwriting lender (Agent) and their third-party service providers authorized to upload appraisals to the EAD portal can:
- Submit an appraisal to FHA through the EAD portal;
- Complete any updates on FHAC’s Appraisal Logging Screen; and
- Confirm the data as required in FHAC.
With the addition of this functionality, EAD portal users with Principal/Agent relationships can access and approve appraisal reports without receiving error messages informing them that the FHA Case Number on the appraisal is not assigned to them.
Working with Case Transfers, mortgagees should note the following about case transfers relative to appraisal reports in both the EAD portal and FHAC:
- If, prior to case transfer, the original mortgagee uploaded an appraisal for the case, the mortgagee that the case was transferred to (new mortgagee) will be unable to view the appraisal in EAD.
- The new mortgagee must obtain a copy of the appraisal, in the required format, from the original mortgagee according to current FHA policy, and submit the appraisal to FHA through the EAD portal.
- The original mortgagee must first transfer the case number to the new mortgagee in FHAC before the new mortgagee will be able to submit an appraisal in EAD for the case. Once the case transfer is complete, the new mortgagee should allow an overnight update before submitting an appraisal so that the case transfer information from FHAC can be updated in the EAD portal.
The new mortgagee may see appraisal information on the FHAC Appraisal Logging Screen that was submitted by the original mortgagee. FHA policy continues to require the new mortgagee to obtain a copy of the appraisal from the original mortgagee, and underwrite the appraisal to determine whether it meets FHA requirements.
For more information, visit http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/lender/origination/ead
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