Appraiser licensing varies from state to state.
To participate in what is called a "federally-related transaction," which is, for example, a mortgage being underwritten by a national bank, an appraiser
must be licensed or certified by his or her state. The license or certification is evidence that the appraiser has performed a certain number of hours as a trainee under the supervision of a practicing appraiser, may have passed an examination, and completes a certain number of hours of Continuing Education Training.
All of our appraiser panel participants
have worked hard to establish a reputation for quality and prompt work, performed professionally and ethically, with outstanding customer service. Tour our website for valuable information on the experience we deliver and the services we provide.
Appraisal service providers must always be licensed and in good standing.
The Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council (FFIEC) maintains a national database of appraisers and their license/certification status. Among other things, this database, which relies on reports from each state appraisal board, will notify us if a service provider has had his or her license suspended, revoked, or whether the license has lapsed.