Posts Tagged: FHA

FHA Updates with New Electronic Appraisal Delivery (EAD) portal

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The Federal Housing Administration (FHA) announced last year in Mortgagee Letter 2015-08 the implementation of the new Electronic Appraisal Delivery (EAD) portal.  The technology is similar to what is currently in place with Fannie Mae and Freddie Mac’s Uniform Collateral Data Portal (UCDP), including utilizing Veros as the technology provider. The EAD portal is built… Read more »

Residential Appraisal for HUD’s CWCOT Program

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Valuation Management Group recently became aware of a HUD program called Claim Without Conveyance of Title (CWCOT), and we wanted to inform our readers. The CWCOT program encourages 3rd parties to purchase homes at foreclosure sales by allowing bids less than the total debt owed on a property. The objective of this program is to… Read more »

Valuation Management Group Discusses Ordering FHA Finals

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On September 14, 2015, new FHA Guidelines were released and include clarification regarding the form type that is to be used for final inspections. In the past, Valuation Management Group’s clients would order the final using just the 1004D final form, but now there are 2 different forms. The other form is the FHA Compliance… Read more »

Valuation Management Group Discusses HUD and FHA Guidelines

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Valuation Management Group is sure that clients and appraisers alike who are currently involved in originating FHA loans and completing appraisals for such loans are aware of the new guidelines, but we like to make it a practice to share industry changes that potentially affect all of our partners. The most important thing to note… Read more »

FHA Extends Implementation Date of the FHA Handbook

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On April 30th, HUD announced that FHA is extending the effective date of the Single Family Housing Policy Handbook 4000.1 to September 14, 2015. According to HUD Deputy Assistant Secretary Kathleen Zadareky, the decision to extend the effective date was in response to concerns expressed by industry participants that they need more time to implement… Read more »

HUD Announces Implementation of the Electronic Appraisal Delivery (EAD) Portal

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On March 26, 2015 HUD issued Mortgagee Letter 2015-08 announcing FHA’s implementation of the Electronic Appraisal Delivery (EAD) portal and to provide details that mortgagees will need to prepare for delivering origination appraisals through the EAD portal. The EAD portal is a web-based platform that mortgagees and their authorized users or third-party service providers will… Read more »