A key appraisal regulatory official and an industry leader called Thursday for the possible establishment of a national appraiser database.
The file for each appraiser would contain qualifying education, continuing education, date and types of examinations passed, a comprehensive background check and licensing history, including the documentation of any disciplinary action
In advocating for the registry, Association of Appraiser Regulatory Officials President Donald Rogers and Appraisal Institute President Sara Stephens told the House Financial Committee Housing Subcommittee a comparable database would be established for appraisal management companies.
The registries would be modeled after the National Mortgage Licensing System for mortgage companies and professionals run by the Conference of State Bank Supervisors.
Stephen said the registries would help establishing and maintaining a regulatory regime for appraisers.
Rogers, whose group is composed of state appraiser oversight
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