Lawrence R.
Senior Member
- Joined
- Mar 27, 2007
- Professional Status
- Certified General Appraiser
- State
- South Carolina
What if appraisers were held responsible for the loan performance on the houses they appraised?
I mean, how about some sort of tracking tied to our license number?
For sure, you could have a foreclosure ratio...maybe a delinquency ratio, and also a sale to appraisal ratio for foreclosed properties.
Caveats:
I know that appraisers who do low volumes would possibly be affected more harshly.
I know that foreclosures can sell below a good appraised value just b/c it is a foreclosure...
But, as these numbers shook out, a benchmark could possibly be established based on volume, total dollars appraised, etc?
Any thoughts?
I mean, how about some sort of tracking tied to our license number?
For sure, you could have a foreclosure ratio...maybe a delinquency ratio, and also a sale to appraisal ratio for foreclosed properties.
Caveats:
I know that appraisers who do low volumes would possibly be affected more harshly.
I know that foreclosures can sell below a good appraised value just b/c it is a foreclosure...
But, as these numbers shook out, a benchmark could possibly be established based on volume, total dollars appraised, etc?
Any thoughts?