Problems with Appraisals? The dirty little secrets AMCs don’t want you to know

Lenders in todays climate are experiencing a rush of changes. The appraisal industry is no different, HVCC, Dodd-Frank, State Regulatory Adoptions, UAD, UCDP, FHA, Fannie Mae and Freddie Mac have all made a significant impact on the way appraisals are done. Many Lending Institutions (LI) have attempted to manage the appraisal process “in house” only to encounter the many regulatory obstacles, operation expansion and increased expenses that come along with managing appraisals.