Originally Posted By: Dogfish
Banker here.

We get to appraise homes in our troubled loan portfolios every 6-9 months, so the appraisers are doing well. We pay for that, not the clients.

We are lending money daily. Do not fall into the trap set by the media. The quality borrowers have no issue borrowing money for owner occupied real estate, equipment, etc.


Some of us appraiser's are doing ok. Many others have left the profession due to the new regs that severely hamper/limit ones ability to effectively market themselves to prospective clients. The appraiser's have had to move to a volume business these days as fees have dropped 25 to 40% for residential appraisals due to the new regulatory guidelines. However, borrowers aren't getting any appraisal fee reductions.