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The two biggest challenges plaguing the appraisal industry

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The two biggest challenges plaguing the appraisal industry

Source: HousingWire

Author:  Brena Swanson 

Abstract: There are two major challenges that the appraisal industry is dealing with, largely due to an onslaught of legislation.

In an interview with HousingWire, vice president and chief appraiser at LRES, discussed recent hurdles appraisers are facing, focusing on compliance and new appraisers.

1. Compliance

One of the first appraisal management company issues that LRES’ chief appraiser noted is state compliance.

“[State compliance] is a very large issue we deal with. Dodd Frank requires all the states to be licensed in the future, but not all of them have come up with the requirements,” said LRES’ chief appraiser.

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Aaron Roaf
Aaron Roaf
For inquiries regarding the LRES Newsroom, please contact Aaron Roaf, Senior Marketing Coordinator for LRES Corporation Mail
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