Todays Bombshell Executive Order Ends Traditional Appraisals.

[djd09]

 

[George Hatch]

I think the era of 4% mortgages ended up scavenging a lot of future demand. Especially for the refis.

 

[djd09]

the waivers did their job too...

 

[Zoe]

View attachment 107801

the waivers did their job too...

That bubble will bust one day. Somebody will be holding the bag with the waivers, fastest and cheapest, desktops, PDCs, hybrids etc.

I have a feeling it will be rinse and repeat. American taxpayer will be bailing out again.

 

[Francois K. Gregoire]

where is the TAF squealing about the public trust...eh, frank?

use your superior research skills to find the statement.

 

[Zoe]

use your superior research skills to find the statement.

I know how you feel. I appreciate you.

 

[Carnivore]

The Executive Order didn’t create the shift in residential appraisal work; it simply accelerated trends that were already unfolding for years.

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This Was Inevitable for Residential Appraisers​

The mortgage industry has always wanted:

• Shorter turn times
• Lower costs
• More standardized valuations

As soon as technology became capable of producing automated estimates, the pressure on traditional appraisals began.

Even before the EO:

• Fannie and Freddie were expanding appraisal waivers
• Hybrid products were growing
• Desktop appraisals were being tested
• Big data firms were selling valuation models to lenders

The EO simply gave regulators a green light to move faster.

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​

For years:

• The average appraiser age was rising
• Fewer trainees were entering the field
• Turn times were increasing in hot markets

Lenders and policymakers saw modernization as a solution to workforce bottlenecks.

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️ 4.​

FHFA, CFPB, OCC, and the Fed had been discussing:

• Bias concerns
• Appraisal delays
• Cost burdens
• Technology adoption

The EO didn’t start the conversation — it formalized it.

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5.​

Whenever a system is this large:

• Efficiency becomes a priority
• Technology eventually replaces manual processes
• Standardization becomes the norm

Residential appraisal was one of the last “analog” steps in a digital mortgage pipeline.

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So yes — this was inevitable​

The Executive Order didn’t cause the shift; it codified it.
Residential appraisers were always going to face:

• More automation
• More hybrid products
• More data-driven valuation tools
• More competition from non-appraisers

The EO just made the timeline shorter.

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The real question now​

The future belongs to appraisers who adapt — not the ones who try to fight the tide.

 

[Carnivore]

So we LL saw this coming, This may effect some CG's that have a CR in their firm,

The PDR dudes are toast also. The data will get better.

This next one is the AMC's the number of them will really shrink

 

[Carnivore]

I tried to find the shelve life of a PDR , below is what AI said:
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A Property Data Report is not long‑lasting.It’s treated as a short‑term snapshot of the property.

Realistic shelf life: 90 days​

Possible range: 60–120 days depending on lender policy​

And unlike a full appraisal, a PDR cannot be “updated” by the appraiser — it usually requires a new data collection if it expires.

So that looks like Harry the aluminum can collector part time Prop Data inspection may have some continuous work.

 

[Alsie35]

I think the era of 4% mortgages ended up scavenging a lot of future demand. Especially for the refis.

2020-22 was a once-in-a-lifetime opportunity for residential appraisers - as I was saying on here loudly and often while encouraging everyone to take advantage of it like we were doing at the time. The "writing was on the wall" as far as the future of residential appraisers (recall that 2020 saw the first inkling of what "The UAD 3.6 Abomination" would become, and believe me - it drove us to work even harder).