DE Certified FHA Appraisal Review Specialist
Regions Bank•Hoover, AL
•$46,750 - $57,270•Hybrid
About The Position
At Regions, the Residential Appraisal Review Specialist underwrites residential mortgage property appraisals. This role is responsible for reviewing residential appraisal reports for FHA compliance and collateral acceptability. The position does not perform mortgage underwriting; rather, it leverages FHA appraisal expertise to evaluate appraisal quality, completeness, and adherence to FHA requirements. Direct Endorsement (DE) designation is required.
Requirements
- High School Diploma or GED
- Two (2) years of appraisal review experience or Federal Housing Administration (FHA)/Veterans Affair (VA) designation
- Ability to interpret and ensure compliance with applicable rules, regulations, and industry guidance
- Knowledge of Federal National Mortgage Association (FNMA), Federal Home Loan Mortgage Corp (FHLMC), Federal Housing Administration (FHA), Veterans Affairs (VA), United Stated Department of Agriculture (USDA), and Portfolio appraisal guidelines
- Strong analytical skills
- Strong verbal, written communication, and organizational skills
- Strong work ethic and self-motivation
Nice To Haves
- Direct Endorsement (DE) Certification
- Active FHA DE credential
Responsibilities
- Reviews and decisions incoming appraisals
- Ensures accuracy, quality, and compliance in all documentation
- Follows up on appraisal revisions with appraiser or Residential Valuation Services
- Communicates with sales and operations partners
- Receives explicit instruction on filing, recording, and organizing documentation associated with appraisals
- Reviews Low Risk reports as determined by Federal National Mortgage Association (FNMA), Consumer Unit (CU), Freddie Life Cycle Assessment (LCA) and General Anti Avoidance Rules (GAAR) scores
- May work with third party vendors in the execution of property appraisals for assets within the various stages of delinquency and default processes
- Reviews a mixture of Government Appraisals and Conventional/Portfolio Appraisals
- Provides advice and guidance to less experienced associates as needed
- Ensures compliance with risk management programs, rules and regulations, and cybersecurity practices; identifies opportunities for and supports process improvements; applies disciplined change management practices
Benefits
- Paid Vacation/Sick Time
- 401K with Company Match
- Medical, Dental and Vision Benefits
- Disability Benefits
- Health Savings Account
- Flexible Spending Account
- Life Insurance
- Parental Leave
- Employee Assistance Program
- Associate Volunteer Program
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
