On November 22, 2022, FHA published Mortgagee Letter (ML) 2022-19, rescinding the Mandatory Use Date for the FHA Catalyst: Electronic Appraisal Delivery (EAD) Module.
FHA CATALYST: ELECTRONIC APPRAISAL DELIVERY MODULE
Part of FHA's multi-year IT Modernization initiative, the Electronic Appraisal Delivery (EAD) Module is one of the components within FHA Catalyst – FHA's flexible cloud-based platform. Currently, the FHA Catalyst: EAD Module enables the electronic submission of appraisals for single family forward and Home Equity Conversion Mortgage (HECM) endorsement files.
About FHA Catalyst
FHA has embarked on a multi-year IT modernization initiative, FHA Catalyst, which is already improving how mortgagees and their authorized users do business with FHA. FHA Catalyst is supported by a $40 million appropriation from Congress and a partnership between the HUD Chief Information Officer (CIO) and the HUD Federal Housing Commissioner. FHA Catalyst is a secure, flexible, cloud-based platform that provides a modern, automated system for mortgagees, servicers, and other FHA program participants. FHA Catalyst enables FHA to more efficiently and effectively manage its programs and processes, benefiting the those who do business with FHA.