Valuation Management Group, a leading nationwide appraisal management company, has completed integration with the Federal Housing Administration's (FHA) Electronic Appraisal Delivery (EAD) portal, and has begun successfully submitting FHA appraisal files for its lender customers prior to loan endorsement.
Lenders are required to submit their appraisals to the FHA via the EAD portal for new loan originations for case numbers assigned on or after June 27.
Submission to the EAD is one of the appraisal management services Valuation Management Group provides to assist financial institutions with their compliance requirements.
“We started delivering appraisals to FHA through the EAD portal months ago for a number of clients, and the process has been seamless for Valuation Management Group clients,” Valuation Management Group CEO and President Vicky Thompson said in a press release.
Valuation Management Group, LLC, manages appraisal services, including the appraisal review for financial institutions, banks, mortgage bankers, and credit unions. It offers a turnkey approach to the appraisal process from inception to final completion.