Why does a hybrid appraisal work better? What are the benefits? Who benefits? Who pays? A hybrid appraisal, as it has been proposed, separates the field work from the desk work. The assumption is that an appraiser is good at filling out the forms, while another “cheaper faster” person can do the property inspection. Also, […]
A “hybrid” appraisal is a new name for where the property inspection is separated from the analysis and appraiser’s certification. It is faster and cheaper and. . . This is Part 5 of a (soon to be, so far) six part discussion of Hybrid Appraisals. Part One, Two, Three, and Four are behind these links. […]
Hybrid Appraisal, Part VI Is it possible that Lo-Brid or even No-Brid appraisals could be even faster and more cheaper? Hybrid appraisals have been hyped as being a “modernization” of the appraisal process. While the appraiser still fills out the “Fannie Mae” form, the actual property visit is done by another person (with as yet […]
Hybrid Appraisal Part VII: Is it possible that Hybrid appraisals can benefit us all!? Consumer heaven? Taxpayer benefit? Public trust? Hybrid appraisals are touted as being a “modernization” of the appraisal process. Simply put, a non-appraiser does the inspection of the property, there is no physical assessment of the neighborhood nor any of the comparables. […]
Hairy scary hybrid parry. Let’s look deeper, now that we seem to be away from the original hype. When this thing first came up from the GSEs (FannieMae and FreddieMac), a hybrid appraisal was narrowly defined. Basically, it separated the desk job from the field job. I was even in a room once where the […]