White Paper Addresses Challenges of Appraiser Shortages

White Paper Addresses Challenges of Appraiser Shortages

April 26, 2017
The Federal Deposit Insurance Corp. (FDIC) issued a notice of proposed rulemaking that would increase the threshold for residential real estate transactions requiring an appraisal to $400,000
Orange County, Calif.-based LRES has announced the release of a free white paper titled “Effective Communication with Lenders to Alleviate Problems Caused by Appraisal Shortages.”
According to the company, the white paper addresses how a lender’s relationship with real estate service providers will be impacted by severe appraisal shortages. It details the need to strengthen business referral networks, explains the challenges of getting back an appraisal on time in certain states, highlights what the industry is doing to solve these challenges and offers advice on what lenders should expect from their AMC partners.
“The appraisal industry is currently suffering as it works to overcome challenges that are preventing new professionals from entering into the business, and the entire lending cycle is suffering delays as a result,” said Roger Beane, LRES founder and CEO. “This white paper outlines ways to overcome these challenges and how effective communication greatly mitigates the risk of losing business.”