- Feb 14, 2002
- Professional Status
- Certified Residential Appraiser
None of this was a problem pre-HVCC, but a bunch of appraisers demanded the gubmint take action. Remember that while pushing for more intervention from DC.If a lender is calling,
when they have to face the reality of under quoting,
and no one accepts the low fee,
will the lender start to raise their quotes?
Or will appraisers keep accepting low fees,
because the lender can't appropriate expense the cost of the appraisal,
without first getting input from appraisers in the field,
instead of from the suit and tie, aint done one in 20 years, appraisers?
What a lender quotes is not an appraiser's issue. If it were, the lender would seek input from field appraisers, before quoting (estimating).
If anyone thinks pushing the CPFB to remove the appraisal fee from zero tolerance will help raise fees they live in a fairy tail world.