[quote=SD Realtor]Appraisers are not hired by lenders anymore and have not been for the past few years. They are hired by appraisal management companies. There is no contact between an appraiser and a lender.[/quote]
SDR is correct. I don’t think appraiser hitting some number for the lender/borrower is an issue anymore. However we have crossed over to the other extreme – these days appraisers seem to have every incentive to be as conservative as possible. Which is OK but it would slow down any rebound in prices. ( And without some modest rebound in prices, we are probably not going to see any inventory… )
