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A lender orders a 'desktop' or 'hybrid' appraisal instead of a full appraisal on an eligible loan. What distinguishes these from a traditional appraisal?
a.They eliminate the need to determine value
b.They are only used after closing
c.They set the interest rate directly
d.They rely on data and, for hybrids, third-party property inspections rather than a full appraiser interior visit
Giải thích
Desktop appraisals use property data and public records without an appraiser's on-site visit, while hybrid appraisals pair a third-party inspection with an appraiser's analysis. Both still produce a value opinion, but reduce the traditional full interior/exterior appraiser inspection.
Luyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
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