Appraisal Reviews by Vista Real Estate Services, Inc.

According to a statement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers completing reviews should "have the proficiency and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." Here at Vista Real Estate Services, Inc., we provide appraisal review services that are objective, efficient, professional and in line with the Federal Reserve's rules.

Appraisal reviews "should verify whether the appraisal or evaluation is suitable for the transaction, the danger of the transaction, and whether the practices by which the collateral valuation is collected guarantees independence and quality," the Federal Reserve says. In addition, they "should denote whether the appraisal or evaluation report is even with the letter of engagement, which describes the outlook of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions augment typical reviews with post-funding assessments of appraisal quality for a number of their high-liability or greater-value contracts as a method to aid in uncovering valuation problems."

In addition to conforming our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we can formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Vista Real Estate Services, Inc., we're qualified in all types of appraisal reviews, review practices and the responsibilities of review appraisers.