Any knowledgeable reviewer can find out if an appraiser is dangerous by spending 30 minutes reviewing one of their reports and with a subsequent 30 minute interview. Assemble a team of Big Balls appraiser experts a la DOGE, and institute a rank and yank system just like Amazon does. Run a pilot in a state like Illinois where there is a lot of appraisers. If you can't pass the very low bar of being able to explain your comp selection and analysis to a reviewer, then you are either put on probation, or you cannot do GSE work for the next 6 months. There would be real but temporary financial consequences. All you have to do is threaten to eliminate the bottom performers, and that threat alone will force appraisers into compliance and to self-educate. Self-education is the best route to rapid improvement, since the education provided by McKissock and AI is not very good. Over time, the bar will gradually get raised. My estimate of the time and expense assumes all this can be done manually, but with all the data they have on appraisers and with AI they can probably do it a lot faster and cheaper. If the GSEs did this, I would wholeheartedly support PAREA and fast track licensing. We wouldn't even need compulsory continuing education. The blowback would be that they might eliminate appraisers in areas with low supply, causing fees and timing to rise. But again, the market would sort that out as more people would enter the field compared to what we have today. Appraisers would complain, but honestly it will be better for most appraisers in the long run.
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