Review Appraiser

$72,800 - $87,360/Yr

Loandepot - Plano, TX

Full-time - Senior

Plano, TX

Credit Intermediation and Related Activities

About the position

The Review Appraiser at loanDepot is responsible for conducting desk reviews on appraisal reports for various loan programs completed by licensed independent appraisers. This role emphasizes compliance with regulatory requirements and the assessment of collateral risk to ensure that appraisal reports meet eligibility guidelines for investors and regulators. The position requires a high level of analytical skills to identify undervaluation and high-risk attributes in appraisal reports.

Responsibilities

• Maintain compliance with regulatory requirements including AIR.
• Maintain continuing education requirements for State Licensing/Certification.
• Perform reviews on appraisal reports completed by third party appraisers using a loanDepot approved review process and worksheet.
• Review data to assess overall collateral risk and identify investor eligibility items for underwriting review and clearance.
• Identify and evaluate data sources to address possible undervaluation, overvaluation, comparable selection and adjustment, and data integrity issues.
• Add loan conditions, update required fields, and confirm document and data delivery into each loan file in the LOS system and collateral management system.
• Follow up on open appraisal conditions using a pipeline report and proactively clear open conditions.
• Perform appraisal 'Reconsideration of Value' and/or appeals and determine if original appraisal reports are deficient.
• Follow escalation process for appraisal reviews requiring management review.
• Develop communication with appraisers, AMCs, internal teammates, and customers that meets company standards.
• Perform escalated reviews and/or desk reviews on files with high-risk attributes.
• Perform reviews on post-closing files deemed deficient through QC/QA or other investor audits.

Requirements

• Recent experience as a nationwide review appraiser in the mortgage industry preferred.
• Current state license/certification as an appraiser in good standing required.
• Extensive experience with ROVs, high-risk reviews, and undervaluation.
• Proficiency or demonstrated ability to learn Fannie Mae's Collateral Underwriter and Freddie Mac's Loan Collateral Advisor software.
• Ability to use applications such as SharePoint, Empower, and Corelogic CMS.
• Ability to independently analyze and critically review data.
• Bachelor's Degree preferred and a minimum of seven (7) + years' experience as a licensed appraiser.

Benefits

• Wellness program
• Health insurance
• Dental insurance
• Tuition reimbursement
• Paid time off
• Vision insurance