Review residential appraisals on a national level for credibility, reasonableness and compliance with USPAP, government, GSE and Compass Mortgage, Inc policies.
Review and analyze appraisal reports prepared by external appraisers, staff appraiser and Appraisal Management Companies on residential real estate properties including complex residential properties.
Complete reviews in compliance with USPAP Ethics Rule and USPAP Standard Rule 3. Must be impartial, objective, and independent and without accommodation of personal interest. Resolve valuation disputes and discrepancies involving two or more appraisals.
Identify and communicate to AMC or Chief Appraiser and issues or requests for corrections of deficiencies to appraisers.
Ensure that all valuations obtained on loans secured by residential real estate provide credible opinions of value.
Coordinate and problem solve issues that arise during the appraisal delivery/procurement process (EAD, UCDP). Communicate proposed solutions and resolutions regarding appraisal issues, deficiencies and solutions to Chief Appraiser, as necessary.
Maintain knowledge of current industry trends and regulations affecting real estate appraisers.
Assist with the training and guidance regarding appraisal methodology and review.
Provide guidance and leadership to the appraisal panel.
Maintain and enhance internal review checklists for all property valuations.
IL Certified Residential Real Estate Appraiser
Five or more years of experience in banking or mortgage lending with focus on national level appraisal review or national appraisal review for a licensed/certified appraiser or appraisal firm.
Thorough knowledge of FIRREA, USPAP, GSE and Interagency Appraisal and Evaluation guidelines.
Thorough knowledge of single-family appraisal methodology.
Strong relationships within the appraisal community.
Strong communications skills; verbal, written and presentation. Ability to interface effectively with all internal and/or external customers.
Strong time management and organizational skills; excellent problem/resolution skills.
Strong analytical decision-making skills
Proficient in Microsoft Word and Excel.
Ability to adapt to changing priorities.
Experience in national appraisal review, compliance and training.
Additional Salary Information: This position is can flex between reviewing residential appraisal with supplemental field appraisal inspection dependent upon volume and needs of the department.