Best Practices for Completing Bifurcated and Hybrid Appraisals
This course addresses the numerous factors that an appraiser should consider when it comes to accepting and completing hybrid, bifurcated, and desktop appraisal assignments. Beginning in March 2022, desktop appraisals will be available for some mortgage loans. This course has been updated with Fannie Mae's and Freddie Mac's guidelines on how to complete the 1004 desktop/70D appraisal form. Complying with USPAP, mitigating risk, understanding the intended use, identifying the relevant characteristics, and verifying data from secondary sources, are just some of the considerations that are examined in this course. In addition, practical application examples and illustrations are plentiful in this course.