Residential Appraisal Review Specialist

Regions Bank•Hoover, AL

2d•$46,750 - $57,270•Hybrid

About The Position

At Regions, the Residential Appraisal Review Specialist underwrites residential mortgage property appraisals. Primary 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 This position requires the tracking of time and is eligible for overtime for hours worked in excess of 40 per week under the Fair Labor Standards Act.

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