The hybrid appraisal is a way to minimize the time in to close a loan. The lenders want the appraisal process to be a snap of the fingers and it should not be that easy. Typically, most appraisals are from 5-7 days from order to delivery from the appraiser, depending on access. In the past, it was for 2 weeks prior to the economic collapse. These new appraisals may shorten the time, but at what cost to the homeowner. the lender, the general public.
These are streamlined loans that may not be worth the paper they are written on and more appraisers will leave the profession, as it was the case with the defacto use of AMC's by most lenders. The appraisers do not like these and maybe we should listen to the appraisers and not the banks and mortgage broker association, as we see what they have done in the past. This is another way to line the pockets of big banks and lender.
I do not think this will help the profession, the general public, and will lead to the next housing collapse.