{"id":2033,"date":"2017-03-16T00:00:00","date_gmt":"2017-03-16T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/automated-appraisals-amcs-worry-appraisers\/"},"modified":"2017-03-16T00:00:00","modified_gmt":"2017-03-16T00:00:00","slug":"automated-appraisals-amcs-worry-appraisers","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/automated-appraisals-amcs-worry-appraisers\/","title":{"rendered":"Automated Appraisals, AMCs Worry Appraisers"},"content":{"rendered":"

\n<\/p>\n

<\/p>\n

Most appraisers today are satisfied with their work, but they\u2019re worried about the rise of automated appraisals and they\u2019re not happy with appraisal management companies.<\/p>\n

Those are findings from NAR research, released today, to provide a picture of the state of the appraisal field and to see if more needs to be done to bring new appraisers into the profession.<\/p>\n

\n

Read more<\/strong>: Many Owners Overestimating Home Values<\/span><\/p>\n<\/blockquote>\n

\u201cThe work of an appraiser is indispensable to our industry,\u201d said NAR President William E. Brown. \u201cAppraisers provide the credible, outside opinion on a property value that agents, lenders<\/a>, and ultimately the consumer depend on to guide them through a transaction. If the regulatory burdens holding appraisers back go unaddressed, the challenge of providing that timely appraisal will only get worse. We have to work together as an industry to clear the way for appraisers to continue doing their good work while building an environment that encourages talented newcomers to get in the game.\u201d<\/p>\n

The survey culled through responses from more than 2,000 appraisers, including some who are no longer working in the business, and found that appraisers are largely satisfied with the amount of work they have and with the particulars around their work\u2014like how much time they have to get appraisals in and how much they\u2019re compensated.<\/p>\n

Among other findings, almost 81 percent say they have a good amount of work, almost 79 percent say they have enough time to get their work in, and almost half of all appraisers say they\u2019re satisfied with their compensation<\/a>.<\/p>\n

A bit more than half say they don\u2019t make enough money, regulations are too much to comply with, and it\u2019s too hard to build business through relationships, presumably because of the dominant role of appraisal management companies in commissioning business.<\/p>\n

And while most appraisers say they plan to stay in the field for at least another five years, of those who say they\u2019re getting out, most cite the regulatory environment they have to work in, insufficient pay, and increasing costs.<\/p>\n

Looking to the future, about four-fifths of appraisers said they don\u2019t train new appraisers, mostly because they don\u2019t get compensated for it. But they also avoid it because clients rarely accept appraisals conducted by trainees and there\u2019s liability connected to training. About half of appraisers who say they don\u2019t train say they used to do it, which suggests the downside to training has increased in recent years.<\/p>\n

Of the remaining appraisers who do train, three-quarters typically trained three or more people in the past year; the remainder trained just one or two.<\/p>\n

\u2014Robert Freedman, REALTOR\u00ae Magazine<\/em><\/p>\n<\/div>\n

[ad_2]
\n
 link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Most appraisers today are satisfied with their work, but they\u2019re worried about the rise of automated … Automated Appraisals, AMCs Worry Appraisers<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":2034,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[695,4751,132,544,41,818],"class_list":["post-2033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-agent","tag-amazing","tag-commission","tag-mesothelioma","tag-property","tag-real"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3014,"url":"https:\/\/amazingproperty.com.ng\/blog\/va-appraisers-few-and-far-between-in-some-rural-areas\/","url_meta":{"origin":2033,"position":0},"title":"VA Appraisers Few and Far Between in Some Rural Areas","author":"Amazing Property","date":"April 5, 2017","format":false,"excerpt":"Michelle Bradley, past chair of NAR\u2019s Real Property Valuation Committee, said many appraisers would benefit from a better understanding of what the VA requires for its appraisals. The VA home loan program is considered the gold standard for appraisal independence, but the system is coming under pressure because veterans often\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/MichelleBradley.jpg?fit=610%2C425&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/MichelleBradley.jpg?fit=610%2C425&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/MichelleBradley.jpg?fit=610%2C425&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":8758,"url":"https:\/\/amazingproperty.com.ng\/blog\/appraisers-homeowners-agree-more-than-ever-on-values\/","url_meta":{"origin":2033,"position":1},"title":"Appraisers, Homeowners Agree More Than Ever on Values","author":"Amazing Property","date":"June 21, 2018","format":false,"excerpt":"Appraisers, Homeowners Agree More Than Ever on Values | Realtor Magazine Internet Explorer does not currently support REALTOR\u00ae Magazine search. IE users, please download Firefox, Chrome, or Edge. Homeowners and appraisers continue to close the gap between perceptions over home values in their area. Quicken Loans\u2019 National Home Price Perception\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"1806 Quicken Appraisal Chart.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/06\/1806_Quicken_appraisal_chart.png?fit=702%2C736&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/06\/1806_Quicken_appraisal_chart.png?fit=702%2C736&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/06\/1806_Quicken_appraisal_chart.png?fit=702%2C736&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/06\/1806_Quicken_appraisal_chart.png?fit=702%2C736&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":6580,"url":"https:\/\/amazingproperty.com.ng\/blog\/owners-appraisers-more-eye-to-eye-on-prices\/","url_meta":{"origin":2033,"position":2},"title":"Owners, Appraisers More Eye-to-Eye on Prices","author":"Amazing Property","date":"October 11, 2017","format":false,"excerpt":"For the fourth consecutive month, the gap between homeowner and appraiser opinions on property values narrowed. Still, homeowners tend to believe their homes are worth more than appraisers do. In September, homeowners\u2019 opinions on home prices tended to be 1.14 percent higher than appraisers, according to the latest National Quicken\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Dn 171011 Quicken Chart.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/DN_171011_Quicken_chart.png?fit=640%2C672&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/DN_171011_Quicken_chart.png?fit=640%2C672&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/DN_171011_Quicken_chart.png?fit=640%2C672&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":786,"url":"https:\/\/amazingproperty.com.ng\/blog\/gap-grows-between-owners-and-appraisers\/","url_meta":{"origin":2033,"position":3},"title":"Gap Grows Between Owners and Appraisers","author":"Amazing Property","date":"February 15, 2017","format":false,"excerpt":"[ad_1] The disconnect\u00a0between homeowner estimates and appraiser opinions when it comes to home values grew for the second consecutive month, according to Quicken Loans\u2019 National Home Price Perception Index. The average appraisal value was 1.47 percent below what owners expected in January. The shift comes after a six-month stretch where\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/DN_QuickenLoanstable_February.png?fit=640%2C718&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/DN_QuickenLoanstable_February.png?fit=640%2C718&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/DN_QuickenLoanstable_February.png?fit=640%2C718&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":7166,"url":"https:\/\/amazingproperty.com.ng\/blog\/homeowners-appraisers-getting-on-same-page\/","url_meta":{"origin":2033,"position":4},"title":"Homeowners, Appraisers Getting On Same Page","author":"Amazing Property","date":"November 20, 2017","format":false,"excerpt":"Homeowners and appraisers are gradually seeing more eye to eye when it comes to home values. The latest Quicken Loans Home Price Perception Index shows that appraised home values in October were an average of 0.99 percent lower than homeowners\u2019 expectations. That\u2019s much better than it has been in the\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Quickenloans Chart1120.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/QuickenLoans_chart1120.png?fit=942%2C966&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/QuickenLoans_chart1120.png?fit=942%2C966&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/QuickenLoans_chart1120.png?fit=942%2C966&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/QuickenLoans_chart1120.png?fit=942%2C966&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":4507,"url":"https:\/\/amazingproperty.com.ng\/blog\/owners-appraisers-arent-seeing-eye-to-eye\/","url_meta":{"origin":2033,"position":5},"title":"Owners, Appraisers Aren\u2019t Seeing Eye-to-Eye","author":"Amazing Property","date":"May 11, 2017","format":false,"excerpt":"[ad_1] Appraisals in April were, on average, 1.9 percent lower than what homeowners expected. That means on an average home price of $236,400, homeowners misjudged their price by about $4,500. Read more: Will There Be Too Few Appraisers in 10 Years? The gap between appraiser and homeowner views on price\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/Quicken_chartApr2017.png?fit=723%2C748&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/Quicken_chartApr2017.png?fit=723%2C748&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/Quicken_chartApr2017.png?fit=723%2C748&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/Quicken_chartApr2017.png?fit=723%2C748&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/DIavKcjQ76Y","_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/2033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=2033"}],"version-history":[{"count":1,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/2033\/revisions"}],"predecessor-version":[{"id":92690,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/2033\/revisions\/92690"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/2034"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=2033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=2033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=2033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}