State of the Industry: Appraisal profession broadens focus in 2016
What happens tomorrow cannot be predicted. Change, however, is the one thing that will always be in the forecast as the years go by. In the appraisal world, with new rules and regulations surfacing for appraisers to deal with, change will always be a constant.
What will the industry look like in the next few years? Valuation Review had the opportunity to speak to some of the top professionals within the industry for their glimpse “into the crystal ball.”
But first, we must examine trends that have taken place within the last several years for a little clearer picture. The past has demonstrated much frustration on the part of appraisers, who feel AMCs and lenders continue to restrain and restrict appraisers from doing their jobs in a more compliant, profitable and timely manner. Will the “war of words” soon be silenced during this never-ending power struggle?
Valuation Review’s 2015’s Voice of the Appraiser survey reflected such sentiments by appraisers towards AMCs and lenders. Nearly three-quarters of appraisers said that regulations and third-party inclusions from the Home Value Code of Conduct (HVCC) and the Dodd-Frank Act have hurt the industry.
For the rest of the story, and all the content and insight available in our 20-page 2016 State of the Industry Special Report, download your free copy of the report here.