fha/hud electronic appraisal delivery (ead) portal · fha/hud electronic appraisal delivery (ead)...
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FHA/HUD Electronic Appraisal Delivery (EAD) Portal
Leveraging the FNC Gateway for Investor/Insurer Collateral Data Delivery
F E B R U A R Y 2 5 , 2 0 1 6
2
FNC Gateway Approach to EAD
GAAR 360
Appraiser
UCDP - Fannie Mae
UCDP - Freddie Mac
EAD – FHA
June 27, 2016
FNC
Gateway
CMSAppraisalPort
Lender
GAAR runs
before
submission
3
EAD Timeline
4
EAD Portal
• Similar - but separate - to UCDP
• Relies on UAD
• Some overlapping forms, some new forms
• Some overlapping edits, some new edits
• Delivery via FNC Gateway
• Credentials
• GAAR® Coverage
5
Solution Visibility
• Very similar UAD Fatal Edits
• FHA Hardstops – Non-Overrideable, Overrideable, Auto-Overrideable
• Very similar submission process
• Investor Status, DocFileId, etc…
• Same Submission Constructs as UCDP
• Same Delivery Artifacts as UCDP
• FHA/EAD SSR
• FHA/UAD Edits
• GAAR® coverage on virtually every FHA Hardstop
• Compatible with GAAR® Viewer
• Minor Updates to CMS User Interface
6
Solution Visibility
• Very similar UAD Fatal Edits
• FHA Hardstops – Non-Overrideable, Overrideable, Auto-Overrideable
• Very similar submission process
• Investor Status, DocFileId, etc…
• Same Submission Constructs as UCDP
• Same Delivery Artifacts as UCDP
• FHA/EAD SSR
• FHA/UAD Edits
• GAAR® coverage on virtually every FHA Hardstop
• Compatible with GAAR® Viewer
• Minor Updates to CMS User Interface
7
Solution Visibility
• Sample of GAAR – FHA Coverage
FHA ID Message Text GAAR Rule(s)
FHA3100
A purchase transaction was indicated; a valid Date of Contract must be
provided
FNC-C-CONT-012-01
FNC-C-CONT-012-00
FHA3105
A purchase transaction was indicated; the Contract Price must be provided in
whole dollars
FNC-C-CONT-009-01
FNC-C-CONT-009-00
FHA3200
Location must be provided. Only one of “Urban”, “Suburban” or “Rural” must
be selected
FNC-C-N-003-00
FNC-C-N-003-02
FHA3205 Sum of all land uses must be at least 1% but not greater than 100% FNC-C-N-075-01
FHA3210 Neighborhood Predominant Price must be provided as a whole number
FNC-C-N-027-00
FNC-C-N-045-00
FNC-C-N-046-00
FNC-C-N-063-00
EAD to GAAR Edit/Hardstop Mapping Document is available
8
Solution Visibility
• Sample of GAAR – FHA Coverage
FHA ID Message Text GAAR Rule(s)
FHA3100
A purchase transaction was indicated; a valid Date of Contract must be
provided
FNC-C-CONT-012-01
FNC-C-CONT-012-00
FHA3105
A purchase transaction was indicated; the Contract Price must be provided in
whole dollars
FNC-C-CONT-009-01
FNC-C-CONT-009-00
FHA3200
Location must be provided. Only one of “Urban”, “Suburban” or “Rural” must
be selected
FNC-C-N-003-00
FNC-C-N-003-02
FHA3205 Sum of all land uses must be at least 1% but not greater than 100% FNC-C-N-075-01
FHA3210 Neighborhood Predominant Price must be provided as a whole number
FNC-C-N-027-00
FNC-C-N-045-00
FNC-C-N-046-00
FNC-C-N-063-00
EAD to GAAR Edit/Hardstop Mapping Document is available
9
Solution Visibility
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Solution Visibility
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Solution Visibility
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Actions Items
• Identify your Lender Administrator
• Ensure you have obtained EAD Credentials
• Ensure you have obtained Direct Integration Credentials
• http://pages.veros.com/EADdirect-integration-request-form.html
• Understand your FHA vs Agency Deal Flow
• Communicate your go-live desires with your FNC Account Team
• Provide your FNC Account Team with the following:
• EAD Direct Integration User ID
• EAD Direct Integration Password
• EAD Business Unit Number
• EAD Lender ID
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EAD Timeline
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Questions?
Christian Leask
Senior Product Manager
(662) 832-5575