ValuAmerica said it is now integrated with the Federal Housing Administration´s (FHA´s) Electronic Appraisal Delivery (EAD) portal.
FHA´s EAD portal is a web-based technology system that enables electronic transmission of appraisal data and reports to FHA by FHA-approved lenders and their designated third-party service providers prior to loan endorsement.
The EAD portal also reviews the 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, 2016.
ValuAmerica is one of the first AMCs to provide its lender clients access to the EAD portal with a direct system-to-system integration.
ValuAmerica is wholly owned by Clayton Holdings LLC, a subsidiary of Radian Group Inc. (NYSE: RDN), and is a provider of real estate information and technology services to the mortgage and real estate industries.