Surf Cat
Elite Member
- Joined
- Apr 21, 2003
- Professional Status
- Certified Residential Appraiser
- State
- California
I've stated many times that appraisers should all stop in mass, Nationwide, to demand better terms which would possibly lead to some sort of regulatory changes for the surviving AMC's.There is a finite number of appraisers. These parasite companies need the appraisers, not the other way around.
But with how strong AI and technology is coming on, I believe that ship has sailed. The lenders could switch to alternative valuation methods right now. Would those alternative methods prove catastrophic when the bottom falls out and the lenders are left holding the bag? Based on what happened during the Great recession, I don't think so. There's an endless supply of money to save the too big to fail banks provided by us.....the taxpayers.
I had every intention to doing a couple of appraisals a week going into retirement. I don't know if that's possible now. Big money won.