MtgeFi Blog
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Appraiser Capacity Per Unique Appraiser, Now 12.3 in March 2026
The number of appraisals completed per unique appraiser was 12.3 in March 2026, up 17.5% over the last month, and up 16.0% on the March 2025. This is 6.6% up on the last 12 months average, and 16.1% up on the preceding 12-24 rolling average.
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Inspection Based Waivers In July – Now $1.96BN
Lenders delivered $1.96BN (2.75%) with inspection based appraisal waivers in July, up 23.8% from June, and up 59.3% from a year ago. This is single largest month of issuance using inspection-based waivers since the solutions were introduced by the GSEs. By loan count inspection based appraisal waivers were 2.68% of issuance, down 7.9% over last…
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Inspection Based Waivers In June – Now $1.58BN
Lenders delivered $1.58BN (2.43%) with inspection based appraisal waivers in June, down 2.4% from May, and up 30.2% from a year ago. By loan count inspection based appraisal waivers were 2.68% of issuance, down 7.9% over last month.
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Inspection Based Waivers In May – Now $1.62BN
Lenders delivered $1.62BN (2.32%) with inspection based appraisal waivers in May, down 12.7% from April, and up 21.0% from a year ago. By loan count inspection based appraisal waivers were 2.66% of issuance, down 2.0% over last month. Overall, inspection based waivers in May were 9.8% of the combined non-appraisal solutions by loan balance. By…
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Appraiser Capacity at 12.3 Appraisals Per Unique Appraiser in March 2026
The number of appraisals completed per unique appraiser was 12.3 in March 2026, up 17.5% over the last month, and up 16.0% on the March 2025. This is 6.6% up on the last 12 months average, and 16.1% up on the preceding 12-24 rolling average.
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Inspection Based Waivers In April – Now $1.86BN
Lenders delivered $1.86BN (2.37%) with inspection based appraisal waivers in April, up 16.3% from March, and up 79.7% from a year ago. This is the largest monthly issuance since the GSE introduced these solutions. By loan count inspection based appraisal waivers were 2.71% of issuance, up 18.9% over last month.
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Appraisal Turn Time Increased 80% During 2021 Refinance Boom
Appraisal turn time increased during the 2020–2021 refinance cycle reaching a national average of 13.5 business days in peak periods on volume of 860,000 appraisals per month. At this time the national average was 21.8 appraisals completed per unique appraiser per month, with 39,600 active residential appraisers.
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Inspection Based Waivers In March – Now $1.6BN
Lenders delivered $1.60BN (2.21%) with inspection based appraisal waivers in March, up 6.5% from February, and up 71.4% from a year ago. This is now a full year with over $1 billion loan balance issued, with the last 6 months averaging $1.5BN.
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Appraisal Fees Increased 31.6% During Refinance Boom
National average appraisal fees increased by 31.6% from $442 to $582 during the 2020–2021 mortgage origination refinance boom. In this same period appraisal volumes grew 101% from 427,000 to 860,000, and appraisal turn times grew 80% from 7.4 to 13.5 days.
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How Lenders Can Prepare Now for UAD 3.6 and Appraiser Shortages
This article looks at what top lenders are doing to mitigate the effects of appraiser shortages with the UAD 3.6 deadline approaching. It provides three steps that bank, credit union and nonbank lenders – agency and non-agency – can take to avoid disruption to their business operations and borrowers. On November 2, 2026 use of…