The Appraisal Blog

FNMA has relabeled their Appraisal Waiver program ... Value Acceptance.  Apparently they felt that the new phrase more accurately reflects what happens behind the scenes... which means they run an AVM (Automated Valuation Model) and then the lender and/or borrower can accept the value ... or not.

In conjunction with this they are rolling out Hybrid Appraisals.  These assignments will have unlicensed Property Data Collectors conduct on-site physical inspections of the subject who will then provide that data to a licensed appraiser who will conduct an actual desktop appraisal.

I've been told the goal is to speed up the appraisal process and reduce cost.  Neither of which will happen.  You will still have to schedule an inspection, and now you will be paying to contractors, as well as the AMC for the report.



https://www.skylineschool.net/post/fannie-mae-just-created-a-new-real-estate-career-with-their-new-appraisal-waiver-program