Platinum Data Solutions has completed integration with the Federal Housing Administration’s (FHA) Electronic Appraisal Delivery (EAD) portal well ahead of the deadline date. This integration enables Platinum Data’s FHA-approved lender customers to electronically submit appraisal reports and appraisal data to the FHA prior to loan endorsement.
In addition to Platinum Data’s FHA-approved lender customers’ ability to extend their access to the EAD portal to their designated third-party service providers, the company also has developed a number of new FHA appraisal review rules with RealView, its appraisal quality and analytics software for lenders and AMCs.
“When it comes to new regulations, proactive adoption and preparation equate to saving money and preventing risk,” Platinum Data CEO Phil Huff said in a press release making the announcement. “That is why we completed this integration well before the June 2016 deadline. These days, the three biggest parts of lenders’, AMCs’ and appraisers’ jobs are staying compliant, adhering to the highest quality standards and maintaining strong profit margins. This integration is one more way we’re helping our customers to accomplish these three objectives faster, easier and with greater efficiency.”