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FHA Sets Appraisal Software Transition Dates

The Federal Housing Administration has unveiled mandatory dates to use ​​the FHA Catalyst: EAD Module for all Single Family origination appraisal deliveries. So reports Reverse Mortgage Daily.

Federal Housing AdministrationAppraisal through FHA Catalyst will be required for appraisal delivery effective March 14, 2022, “unless a previous appraisal version has been submitted to the legacy EAD,” according to the FHA.

The FHA said, “For cases with a previous appraisal submission to the legacy EAD before March 14, 2022, appraisal resubmissions may continue to be delivered through the legacy EAD portal until April 15, 2022.”

Read the full article from Reverse Mortgage Daily.

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