An allocated waiver mortgage is not a term that appears in the search results. However, there are results for "mortgagee waiver" and "appraisal waiver." A mortgagee waiver is a letter executed by a mortgagee in respect of inventory of any kind, and it is in a form and substance reasonably acceptable to the Administrative Agent. On the other hand, an appraisal waiver allows qualified home buyers to skip the in-person appraisal process when buying a home. It is important to note that not all home buyers or properties qualify for an appraisal waiver, and lenders might not allow appraisal waivers if they dont want to loan more mortgage dollars than what the home is worth.