- Joined
- May 20, 2011
- Professional Status
- Certified General Appraiser
- State
- Minnesota
If the going rate for solo residential appraiser focusing on GSE work is about $50-$75/hour, I don’t know that any of these changes really affect that. If there are more waivers, that just leads to more attrition, and the hourly earnings will find an equilibrium. If the expertise required to complete an appraisal on the new forms increases, because the lenders start enforcing showing your work, then maybe wages increase too as those who can’t hack it will be forced out. I just think ultimately enforcing things like supporting adjustments gets in the way of selling MBS.