The Appraiser Shortage Myth Part 43

[gregb]

What do they have in common?

AMC whining!

 

[bnmappraisal]

What was the peak membership on this forum? My guess it is down substantially from that peak? Anyone have a guess?

I'm not sure what you're really asking, but I'd guess only HS could answer that ... MAYBE the mod's?

 

[Terrel L. Shields]

Check the forums page. Many are still on the list who have disappeared long ago.
Most ever online at one time:
1,213 on Jan 23, 2015

 

[djd09]

What do they have in common?

They are in the u.s.a.

Give it up. You shilled out on the other thread. You want to talk about zero cred. you are it.

 

[Michigander]

and another one http://blog.dwellworks.com/whats-causing-the-appraiser-shortage-and-what-can-be-done-about-it

 

[Michigan CG]

and another one http://blog.dwellworks.com/whats-causing-the-appraiser-shortage-and-what-can-be-done-about-it

Everyone is ignoring the elephant in the room, AMCs and fees are what stops appraisers from training new appraisers. The author of this article didn't even mention the AMC model which makes him not credible.

 

[Michigander]

Everyone is ignoring the elephant in the room, AMCs and fees are what stops appraisers from training new appraisers. The author of this article didn't even mention the AMC model which makes him not credible.

What is really ticking me off in the conversation is that all of these writers are using the highest level of appraisers since licensing as their benchmark. We had too many then, and we still are not back to 1997 levels. Too many appraisers out there, not too few. That and this has always been an issue, at least it was in 2004 when I was trying to engage appraisers for a lender. It is not a shortage, and I have been able to find appraisers when AMCs cannot to this day, simply by treating them as professionals (since that is what we are supposed to be). The narrative is really becoming overblown, and the only reason it is being pushed is so they can get rid of us related to mortgage lending. See, if there are not enough of us to do the work, they will be forced to use AVM's and Realtor BPOs, poor GSEs.

 

[Michigander]

Another thought, has the UAD and CU served to have appraisers in rural areas decline that work? If their appraisals have high risk scores due to the wide and varied nature of rural and complex work, some may opt to no longer do lender work as opposed to risk too many high score reports. Just a thought into the mix since this problem is largely rural, and is pretty isolated to certain areas, not the nation as a whole.

 

[Meandering]

Another thought, has the UAD and CU served to have appraisers in rural areas decline that work? If their appraisals have high risk scores due to the wide and varied nature of rural and complex work, some may opt to no longer do lender work as opposed to risk too many high score reports. Just a thought into the mix since this problem is largely rural, and is pretty isolated to certain areas, not the nation as a whole.

There is sufficient private work to not have to suffer AMCs and UADs and GSEs and low fees.

The chart above, one township here, one year's worth of sales.

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[Terrel L. Shields]

Just a thought into the mix since this problem is largely rural, and is pretty isolated to certain areas, not the nation as a whole.

Exactly, the CU structure clearly leads to CU scores on virtually every rural property that are "high risk" regardless the situation despite FNMA's claim to contrary.