Global DMS Now Integrated With FHA’s EAD Portal

Posted by Patrick Barnard on February 11, 2016 No Comments
Categories : Residential Mortgage

Global DMS reports that its Global Kinex application is now integrated with the Federal Housing Administration’s (FHA) new Electronic Appraisal Delivery (EAD) portal, which appraisers and lenders will be required to use starting on June 27.

The integration means Global Kinex users will have direct access to the administration’s new appraisal submission tool.

The EAD portal will allow up to 10 appraisal files per submission and also allows the submission of up to three appraisal files per loan. Appraisals submitted through the portal are subject to an FHA compliance review. The new portal will return both “overridable” and “non-overridable” hard stop messages when appraisal data falls outside FHA requirements.

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