Back in March 2015, the FHA distributed a letter announcing their plan for a new EAD portal for appraisal reports. To learn more about the EAD and its requirements click here.
In an earlier post we told you ACI’s plan to help you create EAD compliant reports using new rules and an expanded MISMO® XML delivery process. We’re pleased to announce that this update is now available, which puts us well ahead of the industry deadlines.
The lender on-boarding timeline starts as early as October of this year; however, the mandatory EAD compliance date is still June 27, 2016. If you’re an appraiser who does a lot of FHA work and would like to get a head start on the process, tomorrow run Web Update with the special update ID FHA-MISMO. For more information on using the new eService read our documentation.
EAD Quick Reference Guides:
For questions, please email OneCall@aciweb.com or call 800-234-8727 and we’ll be happy to assist you.