Big changes just went into effect in the appraisal landscape that expands hybrid appraisal eligibility!
Eligible property and transaction types for hybrid appraisals will align more closely with traditional appraisals, with just a few exceptions. This expansion represents a significant efficiency opportunity for both lenders and borrowers.
Desktop Underwriter (DU) and Loan Product Advisor (LPA) have updated their systems with clearer messaging about hybrid appraisal eligibility.
To help lenders take full advantage of this opportunity, Xactus offers Verisite X, a tech-enabled solution that streamlines the hybrid appraisal process. Verisite X supports faster turn times, reduces costs, and ensures compliance – making it easier for lenders to scale their appraisal strategies in line with the new guidelines.
Learn more about the expanded hybrid appraisal eligibility:
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