Mark and Jeff welcome Freddie Mac's Senior Director of Single Family Valuation, Danny Wiley, to round out the perspective on appraisal waivers from one of the enterprises actually using them. Recently, Freddie Mac published a study comparing appraisal vs. appraisal waiver loan defaults, which is a big topic in this episode. What do appraisal users think about appraisals? Do they want to eliminate appraisers? How can appraisers outcompete the algorithm?