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Appraisals

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Feature: The Appraisal Problem 

Jan 17, 2013By

In the appraisal world, it’s no secret that the industry is facing a drastic decline in its workforce, and as the number of certified residential appraisers continues to dwindle, HECM lenders are feeling the pressure. Already lenders are seeing higher fees and longer turnaround times, and some are complaining about a lack of quality as stressed appraisers struggle to meet increasing demand.A closer look at the issues currently facing the appraisal sector reveals a slew of deep-seated problems that are seriously stressing its workforce. For reverse mortgage lenders that rely on quality appraisals to close their loans, these issues are

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