Effective Strategies for Managing an Appraiser Shortage

Is there an appraiser shortage? While most appraisers say “no”, longer turn times and publicly available data suggest otherwise. Since the number of appraisers peaked in 2007, productivity improvements and generally stable loan demand have reduced the overall need. But a continued decline in the number of appraisers per Appraisal Subcommittee (ASC)^[1] data suggests the industry is facing a potential shortage.

It takes years for new entrants to meet educational and experi…