Those of us in the mortgage and/or appraisal industry have experienced issues with extended turn times on appraisals. In certain markets it is difficult to find quality appraisers to complete work in a timely manner. Based on recent order volume there appears to be more demand than supply of appraisers in some areas of the country.
Are the delayed turn times caused by a shortage of appraisers? If so, why is there a shortage? There are several factors to consider when reviewing the possible causes: