Bradford Technologies, a provider of appraisal technology solutions, has integrated with the Federal Housing Administration’s (FHA) Electronic Appraisal Delivery (EAD) portal implementing new appraisal-sharing enhancements for UCDP. The new tool, Portal Direct, can be used by Bradford Technologies’ clients to submit appraisals from a single platform to either EAD or UCDP, in addition to allowing correspondent lenders to share appraisal information with their aggregators within UCDP.
Bradford Technologies is among the first companies to complete the EAD integration and it says the first to implement the new appraisal-sharing feature in UCDP. FHA has stated it will require appraisals to be submitted through EAD portal starting June 27, 2016. The appraisal-sharing feature in UCDP takes effect Feb. 7, 2016.
“By consolidating the EAD and UCDP portal access into one unified platform, our clients will realize a significant reduction in integration and on-going maintenance costs plus higher reliability and stronger performance when submitting appraisals,” CEO Jeff Bradford said in a press release.
PortalDirect allows its users to take advantage of the new appraisal-sharing functionality. To make use of this feature, aggregators must set up their “Aggregator profile” within the UCDP web portal. For a DI solution, lender administrators at aggregator companies should ensure their UCDP web login credentials are active in advance of the Feb. 7 release to perform the required set up.
Because PortalDirect has been completely redesigned, Bradford Technologies has waived all traditional integration and support fees.