State and federal bank regulatory agencies continue to evaluate the perceived shortage of state certified and licensed appraisers in certain areas across the country. Various industry stakeholders consistently note that appraiser shortages impact the timeliness of appraisals – extending rate locks, impeding credit availability and delaying closings for many borrowers. Our research and outreach sessions with state regulators and other industry members shows that while more options are available to remedy appraisal shortages in certain marketplaces, more can and still needs to be done.