ValuTrac Software (ValuTrac), a leading software solutions provider to the appraisal management and mortgage lending industry, today announced the integration with 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 mortgagees and/or their designated third party service providers prior to loan endorsement. Use of the EAD portal will be required for all FHA-approved mortgagees, effective June 27, 2016.
ValuTrac has integrated directly with FHA’s Electronic Appraisal Delivery (EAD) Portal to seamlessly facilitate the appraisal portion of the loan process. This system to system integration will allow for the automated delivery of appraisals to FHA’s EAD portal, removing the manual steps in this process will increase operational efficiency for all ValuTrac customers.
“We are excited about continuing to offer our customers seamless integrated solutions to enhance their business operations, ” commented Clint Cornett, CEO of ValuTrac. By integrating with the EAD portal, our customers have more seamless electronic interface options, and ValuTrac takes another step in its holistic approach to further streamline the appraisal management process.”
Mr. Cornett added, “ValuTrac is committed to being the leader in providing appraisal management companies, banks, credit unions, and mortgage lenders appraisal management solutions, allowing them to operate more efficiently, enhance customer service and ensure industry regulatory compliance.”
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