Agencies | Governor
Virginia Regulatory Town Hall
Department of Professional and Occupational Regulation
Real Estate Appraiser Board
Guidance Document Change: Providing guidance to real estate appraisers and AMCs on the use of hybrid appraisals
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6/24/19  7:34 pm
Commenter: James Naylon, Certified Residential Appraiser, Twin Cities Metro Appraisal

Hybrid Appraisals

While having potentially limited applicability, Hybrid appraisals (proposed Fannie Mae 1004p and other products) do nothing to provide higher quality or accuracy of the valuation, do nothing to promote public trust, and are instead a way for Lenders/Clients to further “break down” the appraisal process and further lower their (not the public’s) overall appraisal cost. I have developed advanced methodology over the past two decades in terms of what I look for and see during an appraisal inspection, and would not trust just some “other qualified 3rd party” to utilize this same methodology in terms of applying it to the valuation.


The false need for hybrid appraisals is very similar to the recent false promoted ideas of too few appraisers/appraiser shortage that were propagated by the very same entities that benefit from reducing appraiser qualifications.

CommentID: 72680