The VA's AAPP guidelines have been heralded by many boots-on the-ground appraisers as a responsible and thoughtful approach to the increasing promotion of hybrid appraisals by Fannie Mae and Freddie Mac.
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If there was ever a piece of legislation that has the potential to improve the industry standards for boots-on-the-ground appraisers, this is it.
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This may be the time to express your concerns to your Representatives in Congress about bifurcated appraisals, Fannie Mae Waivers and other moves to dilute and replace appraiser oversight.
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In many cases the property data collector is a licensed appraiser. We are testing other labor pools to see how accurately they collect property data.
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