- Joined
- Feb 14, 2002
- Professional Status
- Certified Residential Appraiser
- State
- Louisiana
They understand, they just don't give a hoot. When the next bust comes the ones screaming about shortages and turn times aren't going to give a rat's patooty about starving appraisers. We'll be on our own, again.What people do not understand is you can't have 10,000 more appraisers when the the demand goes way down.
Originations are at record levels, if appraisals were eliminated all of the other bottlenecks would still exist, the overall time to close would not change.The reality is lenders just need to understand that 5 day or less turntime is not possible all the time.