ACI Develops Custom Integrations to Assist Appraisal Management Companies to Pursue Compliance with FHA’s
EAD Portal Requirement
In preparation for the Federal Housing Administration’s (FHA) mandated use of its Electronic Appraisal Delivery (EAD) technology
system, ACI announced today it is among the first appraisal technology providers to offer its appraisal management company (AMC)
clients full integration with the EAD portal. Effective June 27, 2016, all FHA-approved mortgagees will be required to use the EAD
portal to submit appraisal data to FHA.
Introduced in 2015, the EAD portal is a Web-based platform through which mortgagees, third-party service providers and other
authorized users can electronically deliver FHA origination appraisal reports prior to endorsement. ACI developed direct
system-to-system integrations to assist clients—including Dart Appraisal, Direct Valuation Solutions (DVS), First American Mortgage
Solutions, Guideline AMC, Mortgage Information Services, Valutrust Solutions and Property Sciences—with delivering assignments to
FHA’s EAD portal.
Appraisal reports uploaded to the EAD portal must comply with FHA’s Appraisal Report and Data Delivery Guide. The EAD portal
checks each submission against FHA requirements and returns a detailed status message indicating the submission’s success or
failure. Certain critical data errors, such as those that cause data conflicts between the EAD portal and FHA Connection, must be
remedied before the submission can be successfully transmitted. Other lesser discrepancies may be accepted, but will be flagged by
the portal for lender review.
ACI’s application programming interface (API) fast-tracks existing users of ACI’s Uniform Collateral Data Portal integration to
be EAD-ready in a matter of weeks, sparing the AMC from conducting its own extensive coding and testing.
“Companies are considering assigning full-time resources just to handle all the EAD testing,” said George Opelka, senior vice
president of sales and marketing at ACI. “We’re pleased that we can not only handle the initial coding and testing for our clients,
but also offer ongoing support in case of submission issues down the road or later changes to the EAD requirements.”
ACI’s integration also comes with portal uptime monitoring and a firewall-protected secure file submission environment to
provide clients additional peace of mind. For more information and a copy of the ACI EAD integration guide, please contact George
Opelka at 800-234-8727, ext. 846 or via email at gopelka@aciweb.com.
About ACI
ACI, a pioneer in crafting technology solutions for the mortgage valuation community, has gained industry-wide recognition and
support from leaders in the field. ACI’s highly scalable appraisal solutions are tailored to the needs of the organizations ACI
serves. The ACI client base features many of North America’s premier lenders, national appraisal companies and real estate
brokerage firms. From connecting appraisers nationwide to streamlining quality control, ACI enables organizations to process
appraisals and manage exceptions in a consistent and efficient manner. Headquartered in Palm Coast, Fla., ACI (https://www.aciweb.com) is a member of the First American (NYSE: FAF) family of companies.
About First American
First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance, settlement services, and risk solutions for real estate
transactions that traces its heritage back to 1889. First American also provides title plant management services; title and other
real property records and images; valuation products and services; home warranty products; property and casualty insurance; and
banking, trust, and investment advisory services. With revenues of $5.2 billion in 2015, the company offers its products and
services directly and through its agents throughout the United States and abroad. More information about the company can be found
at https://www.firstam.com.
First American Financial Corporation
Media Contact:
Marcus Ginnaty
Corporate Communications
(714) 250-3298
or
Investor Contact:
Craig Barberio
Investor Relations
(714) 250-5214
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