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The US Real Estate Appraisal Market (2019-2023 Edition)

The US Real Estate Appraisal Market (2019-2023 Edition)

Scope of the Report

The US Real Estate Appraisal market has been on a declining trend since 2014; due to increased regulations in the industry, as a result of which several appraisers switch to other fields of work within a span of five years.

The US Real Estate Appraisal Market is further expected to depict a downward trend from 2019-2023 due to barriers to entry, low technology penetration in the industry, restricted demand for appraisers based on the region, etc. Yet there are certain trends in the industry such as US mortgage market development, amendments in dodd-frank, fragmented market share of mortgage lenders, etc.

The report titled “The US Real Estate Appraisal Market (2019-2023 Edition)” provides an in-depth analysis of the US appraisal market by value, by volume, by number of AMCs, employment status, etc.

The competition in the US Real Estate Appraisal Market is very fragmented, with several local and regional players procuring major share of the market. Further, key players of US real estate appraisal market, CoreLogic, Inc., Real Matters, Inc., Wells Fargo & Company and JP Morgan Chase & Co. are also profiled with their financial information and respective business strategies.

Company Coverage

CoreLogic, Inc.
Real Matters, Inc.
Wells Fargo & Company
JP Morgan Chase & Co. 

Executive Summary

Mortgage is a loan in which the house functions as the collateral. The banks or the mortgage lenders, loan a large chunk of money that is around 80% of the price of home that the borrower is required to pay back with interest over a set period of time. On failure of repaying the loan, the lender takes the home through a legal process known as foreclosure.

The mortgage lending process includes Lenders, Appraisal Management Companies (AMC), Appraisers, Title & Closing Companies, Title Agents, and Title Insurers.

An appraisal is a document that establishes an opinion of value for a property. Appraisals can be performed for a variety of reasons, although the most common reason is to help a lender establish the value of the collateral that is associated with a mortgage loan. In the US, most mortgage transactions require an appraisal, which needs to be performed by a certified appraiser.

Financial crises have played a critical role in shaping the relevant regulations to the appraisal process. The appraisal of a property could be done either in-house or through third-party known as Appraisal Management Company (AMC).

An AMC serves as a co-ordinator between the bank and a panel of independent third-party appraisers, who do the actual appraisal work.

The AMCs are either traditional AMC in which the appraiser visits the property site to assess the value of the property or Digitalized version of AMC known as Automated Valuation Model (AVM).

An AVM can come up with a property value much more quickly, and at much lower cost, than a human appraiser, by applying a valuation model of some sort against various sets of data. The AVMs has their own set of features and shortcomings that may evolve with time. The AVMs are at a niche stage of penetration in the US currently.


1. Executive Summary
2. Introduction
2.1 Mortgage Industry: An Overview
2.1.1 History of Mortgages
2.1.2 Mortgage Lending Process
Table 1: Mortgage Lending Process
2.2 Appraisal Market: An Overview
2.2.1 The Rise of Appraisal Market
2.2.2 Appraisal Market Process
Table 2: Real Estate Appraisal Industry Process
2.2.3 Appraisal Market by Mode of Appraisal
Table 3: Appraisal Market by Mode of Appraisal
2.2.4 Appraisal Market: Country Outlook
Table 4: Requirements by Different States to Become Certified Residential Appraiser
2.3 AMCs: An Overview
2.3.1 Comparison of AMCs
Table 5: Comparison of AMCs
2.3.2 Type of AMCs
Table 6: Type of AMCs
2.3.3 Type of AMCs: A Comparison
Table 7: Type of AMCs: A Comparison
2.3.4 Features of Digitalized AMC (AVM)
Table 8: Features of Digitalized AMC (AVM)
2.3.5 Shortcoming of Digitalized AMC (AVM)
Table 9: Shortcoming of Digitalized AMC (AVM)
2.3.6 Digital Management of End-to-End Appraisal Process
Table 10: Digital Management of End-to-End Appraisal Process
3. The US Market Analysis
3.1 The US Mortgage Origination Market: An Analysis
3.1.1 The US Mortgage Origination Market by Value
Table 11: The US Mortgage Origination Market by Value; 2014-2018 (US$ Trillion)
Table 12: The US Mortgage Origination Market by Value; 2019-2023E (US$ Trillion)
3.2 The US Appraisal Market: An Analysis
3.2.1 The US Appraisal Market by Value
Table 13: The US Appraisal Market by Value; 2014-2018 (US$ Billion)
Table 14: The US Appraisal Market by Value; 2019-2023E (US$ Billion)
3.2.2 The US Appraisal Market by Volume
Table 15: The US Appraisal Market by Volume; 2014-2018 (Million)
Table 16: The US Appraisal Market by Volume; 2019-2023E (Million)
3.2.3 The US Appraisal Market by Number of Active Appraisers
Table 17: The US Appraisal Market by Number of Active Appraisers; 2013-2017
(Number of Appraisers)
3.2.4 The US Appraisal Market Share by Licensed and Certified Appraisers
Table 18: The US Appraisal Market Share by Licensed and Certified Appraisers ; 2013-2017 (Percentage, %)
3.2.5 The US Appraisal Market by Home Sales per Active Appraiser
Table 19: The US Appraisal Market by Home Sales per Active Appraiser;
2013-2017 (Percentage, %)
3.2.6 The US Appraisal Market by Number of Employees
Table 20: The US Appraisal Market by Number of Employees; 2014-2018 (Thousand)
3.2.7 The US Appraisal Market Share by Employment Status
Table 21: The US Appraisal Market Share by Employment Status; 2017 (Percentage, %)
3.2.8 The US Appraisal Market Share by Time in Profession
Table 22: The US Appraisal Market Share by Time in Profession; 2017
(Percentage, %)
3.2.9 The US Appraisal Market Share by Primary Occupation
Table 23 :The US Appraisal Market Share by Primary Occupation; 2017 (Percentage, %)
3.2.10 The US Appraisal Market Share by Organization
Table 24: The US Appraisal Market Share by Organization; 2017 (Percentage, %)
3.3 The US Residential Appraisal Market: An Analysis
3.3.1 The US Residential Appraisal Total Addressable Market
Table 25: The US Residential Appraisal Total Addressable Market; 2014-2018
(US$ Billion)
Table 26: The US Residential Appraisal Total Addressable Market; 2019-2023E (US$ Billion)
3.3.2 The US Residential Appraisal Market by Volume
Table 27: The US Residential Appraisal Market by Volume; 2014-2018 (Millions)
Table 28: The US Residential Appraisal Market by Volume; 2019-2023E (Millions)
3.3.3 The US Residential Appraisal Total Addressable Market by Segments
Table 29: The US Residential Appraisal Total Addressable Market by Segments; 2018
3.4 The US Residential Appraisal Market: Segment Analysis
3.4.1 The US Residential Physical Appraisal Total Addressable Market
Table 30: The US Residential Physical Appraisal Total Addressable Market;
2014-2018 (US$ Million)
Table 31: The US Residential Physical Appraisal Total Addressable Market;
2019-2023E (US$ Million)
3.4.2 The US Residential Alternative Appraisal Total Addressable Market
Table 32: The US Residential Alternative Appraisal Total Addressable Market; 2014-2018 (US$ Million)
Table 33: The US Residential Alternativer Appraisal Total Addressable Market;
2019-2023E (US$ Million)
3.5 The US AMC Appraisal Market: An Analysis
3.5.1 The US AMC Appraisal Market by Value
Table 34: The US AMC Appraisal Market by Value; 2015-2018 (US$ Billion)
Table 35: The US AMC Appraisal Market by Value; 2019-2023E (US$ Billion)
3.5.2 The US AMC Appraisal Market by Number of AMCs
Table 36: The US AMC Appraisal Market by Number of AMCs; 2012-2017 (Number of AMCs)
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Technology Penetration in the Appraisal Industry
Table 37: Traditional and Digital AMCs: A Comparison
Table 38: Traditional and Digital AMCs: A Comparison
4.1.2 Growth In Housing Market
Table 39: The US Housing Starts; 2011-2017 (Million)
4.1.3 Improvement in Communication between Parties
4.1.4 Automation of Data-Gathering
4.2 Challenges
4.2.1 Shrinking Supply of Appraisers
Table 40: Total Appraiser With Anticipated Retirement in the US; 2017 (Thousands)
4.2.2 Less Appealing Mortgage Appraisal Business
Table 41: Current Fixed Rate Mortgage
4.2.3 Restricted Demand for Appraisers Based on the Region
4.2.4 Availability of Alternative Processes
4.2.5 Quality Control Issues
4.2.6 Regulatory and Audit Compliance
4.3 Market Trends
4.3.1 Growing Senior Housing Momentum
Table 42: The US Senior Housing Market; 2014-2017 (Units & Percentage, %)
4.3.2 Fragmented Mortgage Lenders Market
Table 43: Top 10 Mortgage Lenders in the US; 2017
4.3.3 Improvement in Logistical Management of Appraisers
4.3.4 Changes to Licensing Requirements
4.3.5 Availability of On-Site and Report Creation Workflows
4.3.6 Changes to Licensing Requirements
5. Competitive Landscape
5.1 The US Appraisal Market Competitive Landscape
Table 44: The US Appraisal Market Competitive Landscape (Top 5)
5.2 The US Appraisal Market Players by Market Share
Table 45: The US Appraisal Market Players by Market Share; 2017
5.3 The US Appraisal Market Players: Competitive Analysis
Table 46: The US Appraisal Market Players by Overhead Ratio; 2017
6. Company Profiles
6.1 CoreLogic, Inc.
6.1.1 Business Overview
6.1.2 Financial Overview
Table 47: CoreLogic Operating Revenue; 2014-2018 (US$ Billion)
Table 48: CoreLogic Operating Revenue by Segments; 2018
6.1.3 Business Strategy
6.2 Real Matters, Inc.
6.2.1 Business Overview
6.2.2 Financial Overview
Table 49: Real Matters Revenue; 2014-2018 (US$ Million)
Table 50: Real Matters Revenue by Segments; 2018
6.2.3 Business Strategy
6.3 Wells Fargo & Company
6.3.1 Business Overview
6.3.2 Financial Overview
Table 51: Wells Fargo Revenue; 2014-2018 (US$ Billion)
Table 52: Wells Fargo Revenue; 2018
6.3.3 Business Strategy
6.4 JP Morgan Chase & Co.
6.4.1 Business Overview
6.4.2 Financial Overview
Table 53: JP Morgan Net Revenue; 2014-2018 (US$ Billion)
Table 54:JP Morgan Net Revenue by Segments; 2018
6.4.3 Business Strategy

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