Re: 'Appraisal rules draw more fire' (Nov. 18)
Dear Editor:
I have been a licensed appraiser for nearly 20 years. During all those years, I have formed great relationships with many lenders and loan officers. Now, I've lost that thanks to HVCC (the Home Valuation Code of Conduct).
In the past 10 years or so, many appraisers have never had a raise. Now we're being forced to take a pay cut of approximately 50 percent. This does not help my retirement fund, or trying to just make ends meet. Many of the "good" appraisers are now quitting because they can't make it anymore. more...