This past Monday, March 25, FHA updated the Appraisal Logging screen and Appraisal Case Transfer screen in FHA Connection. The announcement was made in FHA Info #19-03. The changes are as follows:
Appraisal Logging Changes
Effective for all appraisals uploaded to the EAD portal or logged into FHA Connection on or after February 25, 2019, the Appraisal Value field on the FHA Connection Appraisal Logging screen will no longer be editable. A corrected appraisal will be required to update the field. Edits to this field submitted through the Business-to-Government (B2G) connection will also not be accepted.
For appraisal updates (Form 1004D), effective for case numbers assigned on or after February 25, 2019, the license number and name of the appraiser who completed the Form 1004D will be added to the Appraisal Logging screen. For B2G connections, changes can be submitted beginning February 25, 2019, but will not be required until April 1, 2019.
Appraisal Transfers
Also effective for case numbers assigned on or after February 25, 2019, the Case Transfer screen in FHA Connection will be modified to enable mortgagees to electronically transfer appraisals at the time of case transfer process. Additionally, the name of the Case Processing menu link will be changed from “Case Transfer” to “Case/Appraisal Transfer.”
An Appraisal Transfer field will be added to the screen. Mortgagees are not required to electronically transfer the appraisal when a case is transferred; however, a selection of “Yes” or “No” is required — the field cannot be left blank. When “Yes” is selected, and upon submission of the case transfer, all electronic appraisals submitted for that case that have been uploaded as PDFs will be visible to the new lender.
For B2G connections, appraisal transfer can be submitted with Case Transfer beginning February 25, 2019; however, the Appraisal Transfer field will not be required until April 1, 2019.
Appraiser Digital Signature
The August 5, 2019, requirement for XML Digital Signatures on all appraisals uploaded to the EAD portal remains the same at this time.