Interagency Appraisal and Evaluation Guidelines
New Vista Solutions provides products that meet the needs of lenders' compliance with the new Interagency Guidelines*. The New Vista team can customize the integration of products and processes into the loan production workflow to maximize efficiencies and compliance and reduce expenses on a per loan basis and also for quality control efforts.
*The Interagency Guidelines for Appraisal and Evaluation commonly referred to as the “Guidelines,” address supervisory matters related to real estate appraisals and evaluations used to support federally regulated real estate-related financial transactions. The Guidelines, which became effective Dec.10, 2010, were issued by the five leading federal banking agencies; The Office of the Comptroller of the Currency, the Board of Governors, the Federal Reserve Board, the Federal Deposit Insurance Corp., the Office of Thrift Supervision and the National Credit Union Administration. The Guidelines were in response to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which identified the need for tighter interagency controls to ensure reliable appraisals and evaluations for issuing credit to borrowers.