Well, in addition to the knife in the back that the HVCC has been for appraisers, we now have a new competitor to contend with. Apparently now anyone can be an appraiser, according to Equity National. I received this email today from Valuation Review.
Basically, Equity National has an AVM that includes data gathered by "a mix of professionals with mathematical quantitative statistical background" (which I can only assume means those not able to be hired at Burger King) that will go out and view properties and take notes to enhance the AVM data.
And you all thought $200 appraisal fees were a slap in the face! "Hello, we have a new assignment for you. Please drive 30 minutes roundtrip, measure the house, take photos and notes for 45 minutes, upload the information to our website, and you will be paid $25 in 60-90 days."