I am extremely concerned with the adoption of hybrid appraisals. We are jeopardizing the public trust, and our nations financial well being based on a false narrative.

The so called appraisal shortage is non existent, as when you do the research, it always returns to the appraisal management companies keeping the bulk of appraisal fees, while basing their appraiser choice on the cheapest appraiser. Appraisals are delayed weeks while the appraisal management company searches for the cheapest appraiser.

Quality, seasoned professionals refuse to work for these appraisal management companies for 20% of what they are entitled to. 

This is the basis of the so called shortage !

The answer to this problem is not by  sending unlicensed, untrained, so called inspectors to inspect the property, then send the photos, with comps to a licensed appraiser for the purpose of getting an appraiser's signature.

This will most certainly fail, with the borrower still being charged far to much so that the appraisal management company can reap the benefits. The public trust put at risk due to the inherent pitfalls of not having a trained, experienced , boots on the ground appraiser seeing the property first hand.