Residential Review Appraiser
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|Status:||Inactive / Filled|
|Title:||Residential Review Appraiser|
|Job Location:||Philadelphia, PA|
|Base Compensation:||$60,000 — $85,000|
|Total Compensation:||$60,000 — $85,000|
|Job Categories:||Mortgage Banking|
|Industries:||Real Estate / Mortgage|
WHY IS THIS A GREAT OPPORTUNITY?
An excellent appraisal opportunity with a major player in the mortgage industry and a Top 10 Fortune 500 company!
JOB DESCRIPTIONThe Review Appraiser will responsible for conducting retrospective valuation reviews of appraisal reports used by sellers and servicers to support lending decisions and determine if they meet FNMA, FMAC, USPAP and other professional appraisal standards. After an initial ramp up period, appraisers meeting the department's benchmark for number of files reviewed per day will be afforded the ability to work from home. Review Appraiser performance profile: Perform highly in-depth desk review of appraisals. Maintain review productivity in line with the department's benchmarks. Manage and prioritize caseload of pending and active appraisal reviews. Conduct research and analysis on collateral utilizing appraisal expertise, internal and external property valuation tools and other resources. Determine appropriate actions to take in accordance with department and company policies. Document conclusions in the Quality Assurance System (QAS) with an accurate assessment of the valuation review. Compose letters to communicate inadequacies to the lender that were identified through the review process. Respond to valuation questions and disseminate valuation guidelines and requirements to internal and external customers. Maintain thorough and up-to-date knowledge of all guidelines, products and systems that are pertinent to the loan review process.
A minimum of seven to ten years of experience with appraisal, appraisal review or valuation of single family, 2-4 family, condominium, cooperative, land trust, leasehold and factory-built properties. A State Appraiser Certification (not License). Demonstrated ability to calculate loan-to-value ratios, utilize market extraction and derive gross rent multipliers. A Working knowledge of FNMA, FMAC and USPAP valuation guidelines; AVM, APS and other valuation tools; general knowledge of the Selling and Servicing guides; DU, LP and the underwriting process. Demonstrated organizational, analytical and research skills as well as the ability to conceptualize issues and develop complex processes, procedures and solutions. The ability to support department objectives with minimal supervision. Excellent communication skills both written and verbal and familiarity with Microsoft Office Suite (i.e. Word, Excel).
Total Years of Experience: