Global DMS officially has integrated its Global Kinex application with the Federal Housing Administration’s (FHA) new Electronic Appraisal Delivery (EAD) portal to provide its clients with direct access to the administration’s new appraisal submission pool. The EAD portal will allow up to 10 appraisal files per submission.
It also will allow the submission of up to three appraisal files per loan, according to a press release. Appraisals submitted through the EAD always are subject to a FHA compliance review, and the new portal will return both overridable and non-overridable hard stop messages when appraisal data fails outside FHA requirements.
Global Kinex’s direct integration with the new EAD portal allows users to manage their EAD credentials, upload up to three appraisal files at a time, and manage the EAD submission process to address hard-stops in real time offering automatic hard-stop overrides when available.
All EAD submissions through Global Kinex are searchable, and the app also will upload the EAD SSR file as an attachment to the appraisal order when applicable. In addition, EAD submissions automation is available via eTrac’s Workflow Engine app to help streamline the process even further.