A dwindling appraiser population would l
Posted 01/03/2011 by Anonymous
A dwindling appraiser population would lead to an "absence of local expertise," said Kurt Noyce, the chief executive of the Providence, R.I., lender Embrace Home Loans.
"If you end up with thinning resources you're going to have appraisers extend their reach to go into markets where they maybe don't have as much exposure and expertise in, and they're not going to be producing the same results," he said. "If the absence of resources led them to stretch and pull people in from other areas because they didn't have suitable people coming in, that might create an inferior product." http://ht.ly/3xoPu