FHA Automates Reverse Mortgage Second-Appraisal Process

HousingWire, Nov. 30, 2018–Jessica Guerin
HECM lenders can enter their loan data into FHA Connection and receive an immediate, automatic response on whether or not a second appraisal will be required before the loan can proceed, curbing some concerns about how much time a second appraisal would add to the loan process.