What are the responsibilities and job description for the Appraisal Review Analyst position at Verus Mortgage Capital?
The Appraisal Review Analyst is responsible for reviewing and analyzing real estate appraisals to ensure accuracy, completeness, and compliance with company policies, industry standards, and regulations. This role involves identifying and resolving discrepancies, performing quality control, and verifying the accuracy of property descriptions and valuation methods. The analyst will also provide detailed documentation and feedback, collaborate with teams to resolve quality issues, and maintain thorough records of all appraisals reviewed.
Responsibilities and Duties:
Appraisal Review
- Review and analyze real estate appraisal for accuracy, completeness, reasonableness, and credibility.
- Confirm appraisals comply with company policies, industry standards, and regulations.
- Identify discrepancies, inconsistencies, or errors in appraisal reports and work with AMCs to resolve issues.
- Perform quality control on appraisals by reviewing use of comparable properties and valuation methods.
- Verify the appraisal provides an adequate description for property type, condition, location, externalities, and market trends.
Documentation & Issue Resolution
- Provide detailed documentation and feedback results of collateral review including potential risk issues, quality of appraisal, and justifications for approval or rejection.
- Collaborate with review manager to resolve any discrepancies or quality issues identified in appraisal reports.
Record Maintenance & Industry Compliance
- Complete audits of completed reports for compliance, AMC performance, or Internal procedures.
- Maintain detailed records of all appraisals reviewed to document results and communications.
- Stay current on industry regulations, market trends, and changes to guidelines.
Education and Experience:
- Bachelor's degree in real estate, finance, or a related field
- Minimum of 3-5 years of experience in real estate appraisal or appraisal review that includes field experience
- Strong analytical and research skills
- Excellent written and verbal communication skills
- Attention to detail and ability to work independently
- Ability to handle multiple assignments and meet deadlines
- Comfort presenting and defending analysis decisions
- Fluency with Microsoft products including Word and Excel.
Key Competencies:
- Attention to Detail: Ensures accuracy and completeness when reviewing appraisal reports and managing document flow.
- Organization & Time Management: Manages multiple tasks efficiently within the appraisal platform while maintaining workflow efficiency.
- Communication Skills: Works directly with AMCs, brokers, and internal partners through calls and emails, requiring clear and professional communication.
- Problem-Solving: Resolves system issues within the appraisal platform and handles reconsideration of value requests.
- Adaptability & Compliance Awareness: Understands and adheres to Appraisal Independence Requirements, while adapting to a fast-paced environment and changing priorities.
How This Role Demonstrates Our Values:
- Integrity: Ensures compliance with appraisal independence regulations, internal policies, and confidentiality requirements.
- Collaboration: Works closely with AMCs, brokers, and internal teams to streamline the appraisal process.
- Excellence: Maintains workflow efficiency and accuracy while meeting internal and external partner expectations.
- Critical Curiosity: Engages in problem-solving, process improvement, and ensures system issues are addressed to enhance workflow.
Benefits
- Great compensation package
- Attractive benefits plans and paid time off
- 401(k) w/ company matching
- Professional learning and development opportunities
- Education Assistance
- And much more!
Successful applicants will exemplify strong ethics, integrity, respect for others, accountability for decisions and actions, and good citizenship.
All job duties and responsibilities must be performed within the guidelines of the Verus Residential Mortgage Employee Handbook and established company policies and procedures. It is the responsibility of each employee to maintain confidentiality of the company, its clients and to follow applicable laws and regulations in the performance of duties.
Verus Mortgage Capital is an equal opportunity employer. All qualified applicants are welcomed to apply and will receive consideration for employment without unlawful discrimination because of a person’s race, religious creed, color, national origin, citizenship status, ancestry, marital status, sex, age, or sexual orientation, or because of a person’s disability or medical condition.
About Invictus Capital Partners / Verus Mortgage Capital
Verus Mortgage Capital is an independent national mortgage investor. Verus offers its Sellers
responsible non-prime and Jumbo prime lending products that fill the credit void in today’s market. Verus consistently evaluates today’s market and credible borrower financing needs to offer our partners innovative solutions. Verus Mortgage Capital is an affiliate of Invictus Capital Partners please visit our website at https://verusmc.com/.
responsible non-prime and Jumbo prime lending products that fill the credit void in today’s market. Verus consistently evaluates today’s market and credible borrower financing needs to offer our partners innovative solutions. Verus Mortgage Capital is an affiliate of Invictus Capital Partners please visit our website at https://verusmc.com/.
Department
Value & Appraisals
Employment Type
Full Time
Location
Bloomington, MN
Workplace type
Fully remote
Compensation
$75,000 - $95,000 / year
Reporting To
Appraisal Review Manager
Salary : $75,000 - $95,000
