PITTSBURGH, Feb. 8, 2016 /PRNewswire/ -- ValuAmerica, a
national title agency, appraisal management company (AMC) and
technology provider, today announced that ValuAmerica 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.
"We're committed to providing our clients with the services and
technology they need to successfully run their mortgage
businesses," said Shawn Murphy,
executive vice president of ValuAmerica. "Integrating with FHA's
EAD portal will help our clients enormously by streamlining data
entry processes, allowing them to seamlessly upload reports to FHA,
and reducing error rates before endorsement by identifying any
appraisal data or compliance issues upfront."
About ValuAmerica
ValuAmerica, Inc. 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. Through its
two main operating divisions—Intelligent Property Solutions and
Innovative Technology Services—the company provides a comprehensive
suite of appraisal, title, closing, and settlement services, as
well as develops technology to help automate workflow and
compliance processes. For more information about ValuAmerica,
please visit www.valuamerica.com.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/valuamerica-integrates-with-fhas-ead-portal-300216427.html
SOURCE ValuAmerica, Inc.