First of all, anyone that wants to enter the appraisal field has huge barriers to overcome. So obviously, the number of appraisers is dwindling and there are several factors. OK, appraisers aren’t 100, but they are aging! Research by the Appraisal Institute finds the number of appraisers has declined 22% since 2007. Qualified appraisers are added to the panel on an 'as needed' bases. There’s Not Enough Appraisers!įee appraiser panels are maintained by the Construction and Valuation section (C&V) at the VA Regional Loan Center (RLC) having jurisdiction over the area in which the appraisals are performed. Additionally, we provide ways to avoid many of the problems. So let’s discuss the reasons for appraisal issues lately. That problem is the bottleneck of the appraisal process. But, no one can dispute that the real estate industry has a real problem. Plus their job continues to grow tougher. When values come in low, it is the appraiser’s fault. By leaving your mouse cursor on a state, without clicking, you will see all of the states supported by that particular Regional Loan Center.Īppraisal Issues are Causing Major Delays! We will be the first to say that appraisers have a tough job.Īppraisers are questioned constantly.
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December 2022
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