The Federal Housing Administration (FHA) has announced a new policy regarding contested appraisals that will impact lenders and borrowers alike. This policy change will require updates to the FHA’s lender portal in order to include relevant details and documentation related to appraisal disputes.
Key points from the announcement include:
– FHA’s new policy on contested appraisals
– Updates required for the department’s lender portal
– Inclusion of relevant details and documentation for appraisal disputes
– Impact on both lenders and borrowers in the mortgage industry
You can read this full article at: https://www.housingwire.com/articles/fha-updates-tech-to-reflect-new-appraisal-policy/(subscription required)
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