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  • Comment Detail

  • Date: 02/26/21
    First Name: Carl
    Last Name: Polek
    Email: carl.polek@lendinghome.com
    Organization Type: other
    Organization: LendingHome

  • Comment

    We have been using hybrid or bifurcated appraisals for 5 years as a key part of our origination activities. Because our loans have an extremely short duration (7 months) that ends in the actual sale of the property, we have a time proximate, actual market confirmation of the value of the property versus the valuation at origination. So accuracy of the origination valuation is not a matter of a different appraiser's opinion of value, it is determined by the actual sale of the property. The attached document gives some detail on that performance.