Skip to main content

Appraisal Institute calls for U.S. Department of the Interior to hire a chief appraiser
Jan 08, 2010

A coalition representing 35,000 real estate appraisers, led by the Appraisal Institute, has called on the U.S. Department of the Interior to follow its own Inspector General’s direction to hire a chief appraiser. The Appraisal Institute, the nation’s largest organization of real estate appraisers, was joined by the American Society of Appraisers, the American Society of Farm Managers and Rural Appraisers, and the National Association of Independent Fee Appraisers in asking Interior Secretary Ken Salazar to select a “strong and competent chief appraiser … to lead further change within ASD (Appraisal Services Directorate) and to provide a single point of contact, offer sound judgment and have final decision authority on appraisal matters,” as the Inspector General’s report said. In a letter to Salazar, the four appraiser organizations wrote: “Our organizations believe appraisal issues are extremely complex, and the importance of the appraisal function must be elevated within the Department. It is critical for the appraisal function to be lead by a technically competent appraiser.” The Inspector General’s report noted the chief appraiser vacated the position in 2006 and that it has not been filled by a fully qualified senior executive for nearly three years. “Unfortunately, this lack of consistent, competent, and empowered leadership remains to date as the Department decided not to proceed with the selection of a new ASD Chief Appraiser in June 2009,” the report stated. “Without the presence of a strong Chief Appraiser as lead, ASD cannot become a strong appraisal organization and cannot work to enforce policy directives …” The New York Times reported: “The Interior Department office created to oversee billions of dollars of land appraisals is weak and undermined by other bureaus, leaving it unable to function efficiently, the Interior inspector general has found. … Over the past four years, Interior's appraisers have been responsible for the valuation of nearly eight million acres of land worth almost $10 billion, the report says.” To view the four appraiser organizations’ Jan. 7 letter to the Interior Department, click here. To review the Inspector General’s Dec. 23 report, click here. For more information, visit 
Jan 08, 2010
Top Texas Originator Sees No Surrender To 2023

Big cities will determine the battle

Industry News
Jan 26, 2023
There’s Good & Bad News On The Horizon

There will be a real estate slump, but the big cities are coming out much better

Industry News
Jan 26, 2023
Housing Prices Across Texas Likely Hobbled In 2023

But you’re getting a lot less for $1 million

Industry News
Jan 23, 2023
UWM Adds 'Control Your Price' To 'Game On' Pricing

New program provides 125 basis points in price enhancements for loan orignators.

Industry News
Jan 11, 2023
Rocket Pro TPO Relieves Brokers Of Credit Fee Burden

Will provided free credit reports to brokers if they get their loan closed with the Detroit lender.

Industry News
Jan 10, 2023
Former Employees Sue Rocket Mortgage Over OT Pay

Claim company failed to properly calculate & pay OT for working beyond 40 hours a week.

Jan 09, 2023