FHA Announces Appraisal Technology Updates and Webinar

FHA Announces Appraisal Technology Updates and Webinar

The Federal Housing Administration will be updating FHA Connection (FHAC) to include new questions related to appraisal reviews and Reconsideration of Value (ROV) policies first announced in Mortgagee Letter 2024-07.

Details were announced in FHA-Info #2024-43.

What’s next: This new functionality will be available for case numbers assigned on or after Monday, September 2, 2024. The FHAC Guide has been updated and is available on the portal homepage.

FHA will host a webinar on Thursday, August 8 from 2 pm to 3 pm ET for mortgagees and other interested parties to discuss the recent update to its Appraisal Review and ROV Guidance. Register for the live webinar.

Published by

Darryl Hicks

Darryl Hicks is Vice President of Communications for the National Reverse Mortgage Lenders Association. In this capacity, Hicks writes for NRMLA's publications, manages the association's web sites and social media accounts, assists committees and the Board of Directors, and manages the Certified Reverse Mortgage Professional designation. Prior to joining NRMLA in 1999, Hicks spent three years in the Washington, D.C. bureau for National Mortgage News.