Story by Bonnie Sinnock
Hybrid appraisal waivers, which allow for the collection of supplemental property level data from a nontraditional third party, aren’t widely used yet; but they can offer a turnaround time within a day when they are, speakers at National Mortgage News’ Digital Mortgage Conference said this week.
The “property data reports” that government-related investor Freddie Mac began designating certain loans as eligible for through automated underwriting in July are “not heavily used yet” but show promise, said Brian Zitin, CEO of Reggora, in a panel on budgeting, staffing and fintech.
