Appraiser shortage – for AMCs, not other clients
There is a significant shortage of appraisers willing to work for AMCs with low fees and escalating Scope Creep.
AMCs whose business model is based on low fees to appraisers are having difficulty finding anyone willing to accept their appraisals. They keep calling and calling trying to find someone to work for their low fees.
Direct lenders or the few “good” AMCs are not experiencing an appraiser shortage. Appraisers who work for them turn down AMC work.