CRN...

[djd09]

Jim Park on appraisal workforce shortage and regulatory shifts​

New technology, stricter requirements and lack of supervisors are reshaping the appraisal profession

The U.S. appraisal industry is facing a myriad of issues: a workforce shortage, rising regulatory scrutiny and new technology requirements that could reshape the profession altogether.

Jim Park, the president and CEO of Collateral Risk Network and a certified general appraiser, spoke with HousingWire about the challenges facing the industry. He spoke about the declining numbers of new appraisers, a lack of diversity in the field, the impact of artificial intelligence and automated valuation tools, and changes to licensing and supervisory requirements.

Jim Park on appraisal industry workforce shortage, regulatory shifts

The U.S. appraisal industry faces a shrinking workforce, regulatory changes and new tech requirements, impacting housing and lending.

www.housingwire.com

who wants to be an appraiser with the unethical stakeholders breathing down your neck at every turn...someone check his pulse

 

[chad hampton]

Workplace shortage? 20 years ago I was doing 30 to 40 appraisals a month. Now due to scope creep and lack of work I do 15 to (thankfully this is just a part-time job).

Let the free market work, if appraisers are making 200-300k a year you would have more than enough people getting into this profession.

All the nonsense and chicken **** smoke and mirrors they try to do will not replace what people are really looking for, which is a reasonable income.

 

[djd09]

33 views Jan 7, 2026

Jim Park isn’t afraid of AI, he’s afraid of what happens if we don’t evolve with it.In this episode of “Appraisers on Purpose,” veteran appraiser and former ASC Executive Director Jim Park shares why the appraisal profession’s future is brighter than many think, if we’re willing to evolve.Jim doesn’t see AI and automation as the enemy. He sees them as a turning point. Appraisers won’t be replaced by machines, they’ll guide them. The job is changing, yes, but the need for trusted human judgment, especially in emotional and high-stakes decisions, is more vital than ever.Looking ahead, Jim champions a bold but hopeful path: appraisers must diversify beyond lending work, embrace technology, and attract a new generation of professionals. He breaks down the regulatory bottlenecks that have held the industry back, and the urgent reforms that could unlock its full potential.For Jim, this isn’t just about keeping up. It’s about future-proofing an industry he’s dedicated his life to.

sure jim...appraisal bias

 

[djd09]

Crisis. For example, there has not been a single enforcement action against a lender for appraisal independence violations. Within Credit Risk Transfers (CRTs) the property address is not available preventing any due diligenceon collateral valuations. This opaqueness forecloses on the concept of rational due diligence by the investor, whothen must be wholly reliant upon an implied government guarantee.

I testified on November 16, 2016 that discussions about appraiser shortages, slow turn times, raising the deminumus threshold, FRT exemptions were all a ploy to “let’s get rid of the appraiser”. The Collateral Risk Networkimplores you to return to a focus of safety and soundness. A healthy vibrant market, a rational regulatory schema,and protections of appraisal independence with vigorous enforcement, will help cure all that ails the appraisalprofession.

https://www.congress.gov/116/meeting/house/109685/witnesses/HHRG-116-BA04-Wstate-TriceJ-20190620.pdf

a blast from the past...

 

[chad hampton]

Why is it that no one that speaks for the appraisal profession ever seems to work as an appraiser?

You could pull 2 dozen guys off any FB group out there that would give a more accurate assessment of the profession than what i read from the "experts".

 

[gregb]

a blast from the past...

Joan & Tony!

In this candid conversation, Joan Trice said the quiet part out loud—directly addressing what many in valuation avoid: the profession is at an inflection point, and the biggest threats aren’t “technology” or “change,” but denial, misaligned incentives, and a fee/turn-time model that doesn’t match today’s risk environment. The discussion moved beyond surface-level modernization talk and into the real operational and economic forces reshaping residential valuation—especially UAD 3.6, lender risk concerns, workforce capacity, and the sustainability of appraisal fees.

 

[djd09]

'a massive consilidation of the AMCs' and '6 to 7 hours to fill out the 3dot6' one hour and fifteenish mark...i cant stop laughing comedy gold

 

[chad hampton]

Joan's tough to figure out. She brought up some good points from the working appraiser's perspective.

But it's incorrect to say that a computer can determine Q and C ratings. We have stretched to the limit what is considered "facts v. opinions" in this profession, and they've done so because it fits their agenda, but Q and C are opinions.

 

[Terrel L. Shields]

e spoke about the declining numbers of new appraisers, a lack of diversity in the field, the impact of artificial intelligence and automated valuation tools,

AMCs are one of the major reasons no one wants to be an appraiser. Lack of compensation is at the root of that. The Turn Time issue is a canard. FAST CHEAP ACCURATE. Pick 2. Same old same. The Feds could change it is 2 seconds, but they don't want to and the bankers would oppose it, and the bankers have the money.

Simple force AMCs to be banned from asking turn times, updates, and what the fee is. Secondly, ban AVMs and hybrids except for refinances within the 36 months after a full appraisal is performed. Stop the bias BS. "Diversity" is a nothing burger. Mindless piffle from the DEI crowd.

No loans should be based upon an AI generated report. And such information that proves to be erroneous should result in a mandatory banning the AMC and appraiser using it from doing conventional bank work for a full year. The bank accepting it should be fined $10,000 and forced to revalue the property.