 Banks make widespread use of appraisals in their real estate lending activity mortgage loans and mortgage-backed securities, Appraisal procurement would be much more difficult without in-state availability of ASC compliant, licensed appraisers.In the mid 1980s, the crisis in the savings and loan industry highlighted the need to improve appraisal practices throughout the United States.The difficulties and losses experienced by many lending institutions illustrated the importance of ensuring that appraisals are based upon established, recognized standards, free from outside pressures.