Tackling Appraisal Economics: Challenges and Solutions
Fee compression is the single biggest challenge; non-lender work is holding up better, and the profession needs to find ways to pay young appraisers more to survive long-term.
The BP Oil Disaster as a Cautionary Tale for Banks’ Valuation Liability
Just as BP couldn’t escape liability by blaming subcontractors, banks can’t outsource responsibility for bad appraisals. Smaller institutions especially need to understand how to run a proper appraisal department.
Opening Doors to the Appraisal Profession
Over 7,000 licenses have lapsed in three years and a labor shortage is coming. Programs like RSDS are aggressively training new appraisers to fill the gap and improve industry diversity.
Appraisers: Be More Intentional and Build a Life with Vision
Appraisers provide massive value solving complex problems, and the profession offers a genuine lifestyle, but only if you’re intentional about building toward it.
Are You Connected to the Market and Your Clients?
Too many appraisers check the boxes but don’t talk to market participants or follow up with clients. Better report formats, specialization, and active client contact close that gap.
Single Source of Truth to Manage Oversight of the Profession
Too many agencies are vying for influence in appraisal oversight. The profession needs one unified voice and a single source of truth to drive meaningful, lasting change.