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.

Course access is available for 6 months from the day it is opened. All courses, regardless of whether they have been opened, expire two years from the date of purchase. Extensions are available for purchase within 30 days of a course expiring. No extensions will be granted after this period.

Course Roadmap

1. Bifurcated Appraisal

2. The Benefits and Disadvantages

3. USPAP and Hybrid/Bifurcated Appraisals

4. Determining Data’s Reliability

5. Practical Applications

6. Final Exam