Hybrid Appraisals
The future of appraisals is here, and we're ready to deliver.
As Fannie Mae and Freddie Mac lead the charge in appraisal modernization, Connexions partners with approved vendors to deliver hybrid appraisal solutions.
Hybrid appraisals, otherwise known as bifurcated appraisals, combine the convenience of desktop appraisals with the accuracy of property data reports, providing lenders with comprehensive insights while maintaining compliance.
For Hybrid appraisals, a third-party property data collector (PDC) or appraiser conducts a physical inspection of the subject property's interior and exterior. Appraisers then review a recent property data report, providing a holistic analysis without a personal inspection.
Desktop Appraisal
The desktop appraisal, utilizing the Fannie Mae 1004 Desktop and Freddie Mac 70D form, offers an alternative to field work. Appraisers rely on prior hybrid reports, and other trusted sources to complete appraisals.
Property Data Collectors
Property Data Inspection companies such as Beacon PDC assist with completing the scope of work for hybrid and desktop assignments, ensuring seamless and accurate appraisal results.
