Slower/More expensive closings?
A lot of appraisers are worried about the new Fannie Mae program will slow down the transaction process. Essentially a "Zillow"-like software run by the lenders will double check the appraisers accuracy and if there is a discrepancy, the appraisers will have to defend their appraisal.
More info here--
http://www.latimes.com/business/realestate/la-fi-harney-20150111-story.html
More info here--
http://www.latimes.com/business/realestate/la-fi-harney-20150111-story.html
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