Which of the following statements is true about a lender-enabled appraisal waiver?

The statement that most transactions won't qualify for an appraisal waiver is accurate because appraisal waivers are selective in nature and are based on specific criteria set by lenders. Appraisal waivers are typically offered to reduce costs and streamline the loan process for certain borrowers whose risk profiles and transaction types fit predefined parameters. This means that not all transactions will meet those criteria, resulting in a significant number of transactions that will indeed require a traditional appraisal.

Many factors influence whether an appraisal waiver is granted, such as the type of loan, the borrower's creditworthiness, property type, and whether there is sufficient data to support a waiver decision. As a result, it is fair to say that most transactions will not qualify for an appraisal waiver, as they often involve more complex circumstances or risk factors that necessitate a thorough appraisal. This understanding helps clarify the nature of appraisal waivers and their application in real estate financing.