Banks Struggling with Mounting Appraisal Loads. (cover story)

The article reports on U.S. regulation that alters the fee structure for real estate appraisals and requires appraisers to be more independent from bankers which has caused a shortage of appraisers and made evaluations more time-consuming. The banking industry's costs have been expanded because banks have developed in-house appraisal groups separate from their loan origination groups.