I personally want to thank you for taking the time to respond to the survey. I know that every year, especially over the past few years, the appraisal profession has gone through such enormous changes that "this too shall pass". But they never do.
As I read through the thoughtful comments at the end of the survey I can definitively hear the cries of angst experienced by many. One of the consistent themes has been that in spite of all of the regulatory pressures the signs of hope have been replaced by apathy, despair and utter frustration. The Home Valuation Code of Conduct (HVCC) had a promise of relieving pressure by removing mortgage brokers and loan officers from the ordering process. And then Dodd Frank swept in with promises of righting the unintended consequences of the downward pressure on fees. Promises, promises.
There has been a lot of new regulations, guidance and policies but with little to no impact on the plight of the field appraiser. Dodd Frank was enacted in July 2010 and we are still waiting for enforcement. By all reports, the nonpayment of Customary and Reasonable Fees this is the single biggest threat to the appraisal profession today. The impact isn't just the being felt today. The ripple effect will be felt for years, if not a decade. Many of your questions focused on the lack of enforcement. Hello regulators, where are you?
Please don't feel as though your comments are for naught. There were great suggestions for questions we should have asked. These will be used for some mini surveys throughout the year. And many of your responses provide a roadmap for us internally for Valuation Expo topics. We also rely on your feedback to let us know what educational offerings you want and need.
Your feedback has certainly given me inspiration and a renewed focus on what is important to appraisal professionals. So stay tuned. We have a plan.
Due to space limitations, we omitted the final question from the responses in the survey results PDF. We appreciate all the feedback you have given us as we received over 37,000 words from all the people who took time to let us know what some questions they would have asked or offered comments on the state of the industry. We want you to know that we did read through every single response and really took a look at your answers. We will be adding some of your questions to our weekly poll throughout the year. We will also use your suggestions for our upcoming continuing education and networking events like our Appraiser Events and Valuation Expo.
Once again we want to thank everyone for taking the time to help us change the industry and bring this discussion to the forefront. If you haven't yet, please sign our online petition to make a difference in customary and reasonable fees.
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