MtgeFi Blog
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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…
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Inspection Based Waivers In February – Now $1.5BN
Lenders delivered $1.50BN (2.36%) with inspection based appraisal waivers in February, down 11.9% from January, and up 153.0% from a year ago.
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Inspection Based Waivers In January – Now $1.7BN
Lenders delivered $1.70BN (2.34%) with inspection based appraisal waivers in January, up 9.0% from December, and up 97.0% from a year ago. This is the 10th consecutive month with over $1 billion loan balance issued. By loan count inspection based appraisal waivers were 2.25% of issuance, down 12.3%.
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Inspection Based Waivers In December – Now $15BN+ in 2025
For 2025, the appraisal waivers were used to deliver $127.5BN (17.8%) of loans to the GSEs, up 42.1% on 2024.
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Top 10 Reasons Why Nonbank Sellers Migrate to Hybrid Appraisals
Hybrid appraisals can play a role in supporting nonbank seller/servicers with customer retention. They utilize Uniform Property Data (UPD) reports that provide rich property information and enables borrower engagement.
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Hybrid Appraisal Adoption Now 19% for Lenders Using UPD
Hybrid appraisal adoption analysis from the MtgeFi Hybrid Appraisal survey and a nationwide sample of 313 GSE lenders – 230 non-banks, 57 banks and 26 credit unions. This represents 26.8% of all GSE sellers and correspondents actively placing UPD orders.
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Inspection Based Appraisal Waivers In November – Highest Use by Lenders
November saw 194 (14.9%) of all active sellers deliver loans to the GSEs with inspection based appraisal waivers – the highest monthly participation by lenders for over 2 years.
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Inspection Based Waivers In October Surge 28.7% to $1.85BN
Lenders delivered $1.85BN (2.57%) with inspection based appraisal waivers in October, up 28.7% from September. Total GSE issuance was $72.2BN, up 14.1% from last month, with non-cash out refinances up 116%.