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By Accurate Group - Hybrid Appraisal for First Mortgage Portfolio Transactions
Recently there has been a shift in the first mortgage market – lenders are holding more mortgage loans on the books. This trend, mainly driven by the current rate environment, has lenders seeking more cost-effective options for valuation of residential property loans. This whitepaper outlines the benefit of hybrid appraisals (also known as bifurcated appraisals) for first mortgage transactions that will not be sold on the secondary market. It provides supporting data on accuracy, turn time reduction and cost savings generated from lender experiences, as well as our own analysis.
Download White Paper Here