As with most issues facing the appraisal industry, the problem of the aging appraiser and the lack of new valuation blood presents more questions than answers, but where one appraiser sees a problem, another sees an opportunity.
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Loud and clear, appraisers and appraisal groups by the hundreds wrote to the Consumer Financial Protection Bureau over the past two weeks. The main topic of discussion was the desire to separate appraisal fees and AMC fees on the new disclosure forms that will be used once the TILA-RESPA Integrated Disclosure rules take effect. Read on to find out what industry leaders had to say.
Leaders at The Appraisal Foundation and the Appraisal Institute are working to galvanize support for two very different ideas about how appraisers should be regulated at the federal and state levels. Their efforts highlight not only the philosophical differences between the two groups, but among the appraisal profession and legislators as well. Read on to find out the details of their proposals and what the movements could mean for the way appraisers are held accountable and asked to remain compliant in the coming years.