Appraisers, Third-party Inspections and the Rise of Hybrid Appraisals
The lending industry is seeing a rise in interest around hybrid appraisals among previously skeptical lenders.
Historically, some lenders have shied away from hybrid (also known as bifurcated) appraisals due to fears that they cannot deliver accurate, timely appraisals without boots on the ground. But initiatives for hybrid appraisals coming out of the FHFA and the COVID-19 pandemic forced lenders to examine alternative approaches to keep the loan process flowing – and the conversation has shifted.
For decades, hybrid appraisals have delivered greater efficiency, reduced turn times and revision rates and an improved valuation process for all stakeholders.
Download the whitepaper: “Appraisers, Third-Party Inspections and the Rise of Hybrid Appraisals,” to learn why hybrid appraisals are the choice of innovative lenders and how they are leveraging technology to facilitate the process.