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Interesting Numbers

Discussion in 'General Appraisal Discussion' started by USPAP Compliant, Nov 25, 2003.

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  1. USPAP Compliant

    USPAP Compliant Elite Member

    2
    Jan 15, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    North Carolina
    I came across a letter from The NC Office of Commissioner of Banks this morning.


    There are 14,294 licensed mortgage brokers and loan officers in NC. In addition there are 199 "exclusive broker" licenses and 1,200 "limited loan officer" licensces.

    Rounding down, there are 14,000 mortgage loan officers in NC.

    There are 3,830 real estate appraisers (trainee, licensed and certified) in NC.

    Read the letter at: http://www.banking.state.nc.us/reports/mla%20report.pdf
     
  2. Austin

    Austin Elite Member

    1
    Jan 16, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Virginia
    Bob:
    Your link didn't work and locked my puter up. Must be one of those land mine state forums for Democrats and other unsavory types only. Any one nosing around gets zapped.
     
  3. Carnivore

    Carnivore Elite Member

    4
    Jan 15, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    North Carolina
    15,693 / 3830 = 4.1 appraisals per month

    Thats all the work we have on the assumption that all the loans officers only do one loan per month

    Now our local skippy gets Mine and Bobs work so that means skippy is doing 12.3 per month as an absolute minimum. He probably is getting several others work also now that its slow and all loans have to count for the LO's.

    My guess is that all skippies are two to three weeks out on turn time.

    Banking link, click here - its a PDF
     
  4. Austin

    Austin Elite Member

    1
    Jan 16, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Virginia
    This letter illustrates the typical problem with government regulation and both items are addressed in that letter.
    1. Grand fathering every one already in the business. If the Feds took over the licensing and regulations of all appraisal activities and grand fathered every appraiser presently licensed and certified, would things improve? Hell no! For political reasons and probably legal reasons their hands are tied essentially to giving lip service to the problem. An example is a degree requirement for certified appraisers. How has this been presented: Well, all existing certified appraisers with no degree would be grand fathered so you guys are safe. Net result=0!
    2. Raising lending standards discriminates people that don’t have any equity or less than good credit. Of course it does, what the hell do you think the standards were designed for? What good does it do to raise credit standards and then exempt people with little equity and weak credit? Answer is: None! It is totally asinine. Nets result=0! Why do they do it them? Because it is politically correct. An example from the other end of the spectrum is the progressive income tax. The tax rate is 50% on the rich Hollywood types but then they allow exemptions from everything from business golf outings to lunches to interest on the Lear jet. The bottom line to all of the above is another meaningless layer of bureaucracy and regulations.
     
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