The Federal Housing Administration has extended the mandatory use dates for mortgagees to submit appraisals for single-family forward and reverse mortgage endorsements through the FHA Catalyst: EAD Module. Details were published in Mortgagee Letter (ML) 2022-04.
Mortgagees should note the revised transition dates below:
- Effective on and after March 14, 2023, appraisal delivery through the FHA Catalyst: EAD Module is mandatory for all cases unless a previous appraisal version has been submitted to the legacy EAD portal.
- For cases with a previous appraisal submission in the legacy EAD portal before March 14, 2023, appraisal resubmissions may continue to be delivered through the legacy EAD portal until April 17, 2023.
- After April 17, 2023, appraisal submissions for all cases, regardless of previous submission status, must be delivered through the FHA Catalyst: EAD Module.
FHA noted that these revised dates were implemented in response to industry feedback that FHA received regarding the transition timeline announced in Mortgagee Letter (ML) 2021-23 on September 15, 2021. Mortgagees and their technology service providers are encouraged to use the additional time to prepare for integration and should refer to the FHA Catalyst: EAD Module web page for more information. Further information related to onboarding and registration will be communicated at a later date.