Comments on: “Hiring of Trainees to Remain Slow” Shocking News?

By: Future Appraiser

Future Appraiser — Fri, 20 Dec 2013 01:41:35 +0000

Just obtained my license this month and after reading this, it’s looking like I made a mistake. Geeez

By: Eric

Eric — Fri, 13 Dec 2013 17:18:00 +0000

The only trainees could be children of the appraiser. But what appraiser would want their child to get into this business? So forget about it.

By: John

John — Fri, 20 Sep 2013 02:10:41 +0000

I started appraising 2 years before they started the Licensing. I was one of the first to go through the fiasco of taking the same classes over and over and over again. I drove to Boston with a big box of 50 sample appraisals and had to appear in front of the Board. That’s the way they did it in the beginning.

I passed with flying colors as I was new to the industry and had the classes under my belt. Not many others were that fortunate.

To this day, people ask me how to get started and if I will train them. 100% of the time, I tell them it’s a lost cause. Government has basically made a make shift monopoly. It’s pretty obvious where the industry is going. They don’t want a professional appraisal any longer. They are creating a huge database from each and every appraisal we complete (UAD). Their technology is increasing to the point where they may “average” (bad word) the results of many appraisals in a certain area or try to create an algorithm to justify loans. That’s sad. Why don’t they just use Zillow and get it over with? Plus or minus $75,000 – who cares, right?

By: Lies

Lies — Thu, 29 Aug 2013 17:02:02 +0000

There isn’t a shortage of Qualified appraisers in the industry, just not enough retarded appraisers accepting $275-300 appraisals when it takes a 1.5days to complete a Appraisal. The AMCs want to make up a crisis because they want as many Appraisers in the Pot as possible. They don’t want education requirements increasing or a Needed mentorship. I see a conflict of interest from the AMCs saying there is a Crisis….the author is the same guy who said its possible to complete 2-3 appraisals in a day.

By: Retired Appraiser

Retired Appraiser — Sun, 25 Aug 2013 17:19:00 +0000

In reply to David 25 yr appraiser.

Congrats! You are one of the handful that has the master plan for the appraisal profession figured out.

*Decrease fees (while enriching banks through AMCs)
*Increase workload by up to 50%
*Increase educational requirements so that nobody in their right mind will enter the business.
Stir until it comes to a rolling boil

*No new blood coming in
*Appraisers nearing retirement age (the majority) will speed up their exit.
*Boom. Severe appraiser shortage now in place.

What to do? Try our new AVM out guys. It’s quick…reliable…and it uses the same data collected from those idiot appraisers on the sly.

Behold. The future of residential appraising. No worries though mate. They may throw you a few $50 inspection fee orders if your nice so they can verify the house does indeed exist.

By: David 25 yr appraiser

David 25 yr appraiser — Sun, 25 Aug 2013 15:25:01 +0000

Bigger than the appraisal industry shooting themselves in the foot, is the possibility that all this is to eventually eliminate appraisers from the loop. AVM are slowly getting better and are already used for many types of loans. I believe that the squeezing out of trainees is an attempt to say… ” well there are not enough appraisers, will have to start relying on AVMs” just a long term thought.
And fees going up? Starting too, but… I saved a borrower $5k on a purchase as the property was over priced and was renegotiated. $375 for an appraisal that saved them $5k up front and thousands over the life of the loan. So is the appraisal too costly? Just say’n