Senior Appraisal Analyst

Truist Bank•Richmond, VA

6d•$58,000 - $90,000•Onsite

About The Position

Responsible for reviewing property valuations to ensure compliance with Federal/State law and Truist risk policy to ensure that loans secured with real estate are protected with adequate collateral value. The position requires the use of critical thinking and analytical skills to review collateral, and a strong understanding of Mortgage Lending products, policies, processes, and their collateral requirements. The analyst will obtain and review required collateral documentation, ensure loans meet portfolio and investor guidelines, identify and determine next steps for escalated collateral issues, and communicate with other departments to meet pipeline metrics and quality guidelines. Adherence to compliance regulations and controls, and the development of positive working relationships with internal and external clients, business partners, and vendors are also key aspects of the role. The position also involves cultivating relationships with peers as a peer mentor.

Requirements

Four years or more of mortgage or consumer loan underwriting experience
Three years of continuous collateral review experience
Excellent Communication skills, both written and verbal, in relating to internal and external clients
Demonstrates proficiency in basic computer applications such as Microsoft Office software products
Ability to travel, occasionally overnight

Nice To Haves

FHA DE (CHUMS) / VA SAR/LAPP
Understanding of appraisal compliance and generally accepted appraisal rules
Experience with using appraisal and market evaluation tools
Demonstrates proficiency in mortgage automated processing systems
Basic knowledge of bank services and products
Bachelor's degree, or equivalent education and related training

Responsibilities

Successfully use critical thinking and analytical skills to review collateral.
Develop and maintain a strong understanding of Mortgage Lending products, policies, processes, and their collateral requirements.
Obtain required collateral documentation per program requirements from internal clients, external clients, vendors, and third-party sources.
Perform detailed review of all collateral documentation to ensure that loans meet portfolio and investor guidelines.
Identify and determine next steps for collateral issues that have been escalated.
Consistently communicate with other departments and sales to ensure pipeline metrics and quality guidelines are met.
Adhere to all compliance regulations and controls.
Develop and maintain positive working relationship with co-workers, internal and external clients, business partners and vendors.
Cultivate relationships with peers as a peer mentor.