It was in 2009 when the Attourney General of New York decided he did not like the way banks and appraisers communicated and put blame on the real estate crisis on these relationships.
Through his efforts the federal government created 3rd party groups that had to be the go between between the appraisers and the banks.
Now, many banks had not allowed appraisers to be on the "acceptable list" do to bad appraisals over the last decades.
Once the 3rd party groups were created, all those appraisers were instantly put back into the rotation.
Plus, these 3rd party groups were now taking part of the fees designated for paying the appraisers, sometimes even bidding out the jobs to the lowest bidders to retain as much of the fee as possible.
And now after a few years the banks realized how they could profit and most of the large banks own the 3rd party group they have top use to order appraisals through.
I am so sorry that you had to go through this.
Appraisers job is not to determine value, it is to verify that the value exists so the bank is making a good decision lending on it.