Flower Mound, TX (PRWEB) February 22, 2016
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 for FHA case numbers assigned on or after 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."
About ValuTrac Software, Inc.
Launched in 2009, ValuTrac Software is a fully customizable appraisal management platform, which enables financial institutions and appraisal management companies to efficiently manage residential and/or commercial appraisal workflow across one scalable internet based platform. ValuTrac offers products aimed at expediting the appraisal process while ensuring appraisal quality and industry compliance. As the industry demands Web-based software that allows customer relationship management (CRM) in an ever-increasing time-sensitive manner, ValuTrac fills the void while providing a vast knowledge base from past work on the client side of lenders and AMCs. For more information on ValuTrac Software please visit http://www.valutracsoftware.com.