Residential Review Appraiser

Company Description

At Fannie Mae, futures are made. The inspiring work we do makes an affordable home a reality and a difference in the lives of Americans. Every day offers compelling opportunities to impact the future of the housing industry while being part of an inclusive team thriving in an energizing, flexible environment. Here, you will help lead our industry forward and make your career.

Job Description

As a valued colleague on our team, you will contribute with reviewing appraisals and collateral loan documents for quality assurance, misrepresentation, fraud, and adherence to policy requirements. In this position, you will report on collateral quality, collaborate with internal policy and strategy teams, communicate loan defects to stakeholders, work with lenders and internal partners to resolve issues, and provide feedback to the appraisal industry and state licensing agencies.

THE IMPACT YOU WILL MAKE

The Residential Review Appraiser role will offer you the flexibility to make each day your own, while working alongside people who care so that you can deliver on the following responsibilities:

• Assist with performing forensic reviews on appraisals and relevant loan file documents. Support the team to identify potential risks and ensure compliance with Fannie Mae eligibility requirements using professional judgment and expertise, as well as loan file documentation, such as: internal and external property valuation tools, appraisals, public records, and local authorities. Aid in determining the corresponding impact on value and delivery.
• Aid team in preparing defendable repurchase request reports/documentation upon determining a delivery did not meet eligibility requirements noting the specific Fannie Mae Selling Guide violation(s). Support team in working with lenders to resolve complicated repurchase or make whole requests. May assist with investigating lender responses.
• Review work for compliance with internal collateral standards and quality assurance and assist the team to analyze and report on loan quality issues.
• Communicate professionally with team about deficiencies and areas for improvement.
• Collaborate effectively with team to identify lender challenges.

Qualifications

THE EXPERIENCE YOU BRING TO THE TEAM

Minimum Required Experiences

• Certified Real Estate Appraiser with minimum 2 years appraisal or review appraiser experience
• Experience in value and eligibility reviews and can independently validate the quality and accuracy of appraisal reports based upon a thorough analysis, professional opinion and sound judgment
• Knowledge of Fannie Mae selling guide and ability to determine appraisal compliance
• Experience collaborating with internal and external partners exhibiting strong oral and written communication skills 
• Skilled in using Word and MS Office Suite

Desired Experiences

• Bachelor’s degree or equivalent
• 5 or more years appraisal or review appraiser experience
• Ability to use valuation tools to research
• Experience using Fannie Mae Collateral Underwriter
• Skilled in using Adobe Acrobat including Adobe Pro, Acrobat Reader, Acrobat, and Acrobat.com

Additional Information

REF9675O

In response to COVID-19, Fannie Mae has adapted our workplace and hiring processes to better safeguard our employees, candidates, and new hires. We understand that this is an unprecedented situation and Fannie Mae is committed to creating protocols for these processes that are agile and conform with federal, state, and local health administration guidance. While the company's operating status for on-site work is currently voluntary, the majority of Fannie Mae's workforce is remote until further notice. We continue to conduct all interviews and onboarding virtually. In addition, all employees who wish to come on site must be fully vaccinated against COVID-19 and enter their vaccination information into a confidential HR system before arriving at the facility, unless they have an approved accommodation. Click here to go directly to information about accommodations.
 

The future is what you make it to be. Discover compelling opportunities at careers.fanniemae.com.

Fannie Mae is an Equal Opportunity Employer, which means we are committed to fostering a diverse and inclusive workplace. All qualified applicants will receive consideration for employment without regard to race, religion, national origin, gender, gender identity, sexual orientation, personal appearance, protected veteran status, disability, age, or other legally protected status. For individuals with disabilities who would like to request an accommodation in the application process, email us at [email protected]