Effective Income (applicable to HECMs only)

Effective Income (applicable to HECMs only)

Electronic Appraisal Delivery (EAD) The Electronic Appraisal Delivery (EAD) is a web-based platform where Mortgagees or their designated technology service providers electronically deliver FHA Single Family appraisal reports prior to endorsement. Eligible Contractor Eligible Contractor refers to a contractor that meets all state and local licensing requirements and, if applicable, federal certification requirements. Eligible Non-Borrowing Spouse (NBS) (applicable to HECMs only) Eligible Non-Borrowing Spouse (NBS) refers to an NBS who meets all Qualifying Attributes for a Deferral Period.