Certified Appraisers vs. Unlicensed Data Collectors
Here’s a great take on the difference between Certified Appraisers vs. Unlicensed Data Collectors by Leigh Brown, President of the NC Association of REALTORS. Fannie Mae has been working hard to get rid of appraisers for years. Their latest twist is to re-categorize many appraisers as “Unlicensed Data Collectors.”
Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection.
AI meets with Fannie Mae regulators to address Fannie Mae initiatives that disenfranchise new trainees
The following letter to FHFA provides an overview of Fannie Mae’s initiatives that will inevitably threaten collateral integrity in the multi-trillion bond market. Fannie Mae seems to be working hard to disincentivize new appraisers from entering the profession. Kudos to Craig Steinley’s leadership.
- Beware of Bifurcated Appraisals - August 4, 2023
- And Why Is the Second Appraisal Always the “Correct Value?” - June 9, 2023
- Certified Appraisers vs. Unlicensed Data Collectors - April 25, 2023