
Effective on May 1st of this year, it is said that lenders, mortgage brokers and the like will no longer be able to utilize their own pool of appraisers but that they will be required to pull from a general pool or “collection” of them. Of course we can see why it has come to this with so much weighing on a good appraisal that meets or beats the home’s sale price HOWEVER what concerns me is the number of horrible appraisers that are now going into the pool for business that in all honesty aren’t good enough to even dangle their toes in the water. The really good appraisers are now being lumped in with all the “leftovers”…
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