Wednesday, March 23rd, 2011, 2:39 pm
David Feldman is vice president, government affairs at CoreLogic Valuations. He sits down with HousingWire to talk about the impending deadline on appraiser fees under new regulation.
HousingWire: On April 1, the new “customary and reasonable” appraiser fees under Dodd-Frank take effect. What are they and is the industry ready?
David Feldman: According to Dodd-Frank and the Interim Final Rule, appraisers must be paid at a rate that is customary and reasonable for appraisal services in the market area of the property being appraised. The IFR interprets the language of Dodd-Frank to signify that the marketplace should be the primary determiner of the value of appraisal services.
…continue reading the rest of this post: CoreLogic VP speaks on upcoming changes to appraisal fees – customary and reasonable