Completing the Form 1004 Hybrid

Property data collection and the appraisal report are separate assignments and may be performed by different people. If the appraiser does not perform the data collection, the AMC must share the property data collection with the appraiser at the time of engagement. The appraiser will use the data along with other third-party sources to develop the appraisal. The effective date of the hybrid appraisal is the date that the appraiser arrives at their opinion of value.

Note: If the appraiser is engaged as a property data collector and at a later date engaged as an appraiser, this is still considered a hybrid appraisal.

The AMC remains responsible for verifying the accuracy of the property description and the completeness of the data including the condition and quality ratings as determined by the appraiser. The underwriter is responsible for ensuring the property meets the property eligibility requirements in this Underwriting Guide.

Exhibits: Form 1004 Hybrid requires the same exhibits as traditional appraisals with the inclusion of a floor plan conforming to the ANSI standard. See Appraisal Report Forms and Exhibits for additional information on exhibits and Improvements Section of the Appraisal Report for additional information on the ANSI standard.

Entry of Appraisal Assignment Type: The appraiser must provide the Appraisal Assignment Type and supporting details (located in the Additional Comments section of the appraisal report) as shown in the following table.

Field Labels	Required Entry
Appraisal Assignment Type	"Hybrid"
Subject Property Data Collection Method	"Physical"
Subject Property Data Collection Date	"YYYY-MM-DD"
Subject Property Data Workforce	"Appraiser" "AppraiserTrainee" "RealEstateAgent" "HomeInspector" "InsInspector" (*Insurance Inspector) "Other"

Note: For the Subject Property Data Collection Date, the appraiser must enter the date that the property data collection was performed. For the Subject Property Data Workforce, the appraiser must enter the Workforce indicated in the property data that is one of the six Required Entry enumerations listed above.