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Requirements if a Hybrid Appraisal is Obtained
Enter "Desktop Appraisal" in the Appraisal Method field when a loan is delivered with a desktop appraisal.
Note: Refer to the Selling Guide for eligible transaction criteria.
The data entry requirements for Loan Delivery are provided in the table below:
| Instructions for Delivering a Loan with Hybrid Appraisal | |||
| Sort ID | Field Name in Loan Delivery | Hybrid Appraisal Details | |
| 82 | Appraisal Document File ID | Enter UCDP Doc File ID | |
| 83 | Appraisal Amount | Enter the original appraised value | |
| 84 | Appraisal Effective Date | Enter the date of the original appraisal | |
| 85 | Property Valuation Form | Enter appropriate appraisal form type:
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| For the Loan Delivery user interface deliver the following: | |||
| 89 | Appraisal Method | Enter “Hybrid Appraisal” | |
| For ULDD deliver the following: | |||
| 89 | Appraisal Method | Enter "Other" | |
| 90 | Appraisal Method Other Type Description | Enter "Hybrid Appraisal" | |
| 525 | Appraiser’s State License Number | Enter the appraiser's state license number or certification number | |
| 534 | Supervisory Appraiser’s State License Number | Enter the supervisory appraiser's state license or certification number IF a supervisor signed the appraisal | |
Note: A Hybrid Appraisal is an enhanced version of a desktop appraisal that includes property data collected by a trained and vetted third party (real estate agent, insurance inspector, appraiser, etc.) sent to an appraiser for consideration . Loans that do not qualify for value acceptance (appraisal waiver) or do not have reliable prior observations of the subject property are eligible for hybrid appraisals.
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