Increasingly, appraisers indicate that underwriters are rejecting appraisal reports for vague reasons based on ambiguous results from CU analysis. Problems arise when these methods are not accessible or replicable for others to validate results.
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I find that agents tend to refer pre-listing appraisals, estate work, and divorce. This is why it's important to keep getting out there and one of the reasons I do it regardless of how busy I am.
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In other words, out of the many potential cases the FTC could have pursued against other state boards following the North Carolina Dental case, the FTC chose to focus on C&R appraisal fees as the first test of its new authority to sanction state boards for antitrust violations.
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Fannie Mae and Freddie Mac have both begun implementing their own appraisal waiver programs where an automated appraisal alternative will be accepted in lieu of a traditional appraisal.
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