Mortgage Appraisal Specialist

Job Title: Mortgage Appraisal Specialist

Job Summary

The Mortgage Appraisal Specialist is responsible for managing and reviewing real estate appraisals to ensure they meet internal guidelines, investor requirements, and industry standards. This role plays a critical part in the mortgage lending process by assessing property valuations for residential or commercial loans to support accurate and compliant underwriting decisions.

Key Responsibilities

• Review appraisal reports to ensure compliance with USPAP (Uniform Standards of Professional Appraisal Practice), Fannie Mae, Freddie Mac, FHA, VA, and lender-specific guidelines.
• Validate the credibility, accuracy, and completeness of appraisal data and conclusions.
• Coordinate with appraisal management companies (AMCs), independent appraisers, and underwriting teams to resolve discrepancies and ensure timely delivery.
• Identify and escalate potential valuation issues, inconsistencies, or concerns to underwriters and credit risk teams.
• Maintain knowledge of local and national real estate market trends to assess the reasonableness of property valuations.
• Assist in selecting, ordering, and tracking appraisals for new loan applications.
• Ensure adherence to regulatory requirements and internal risk policies regarding collateral evaluation.
• Provide training or guidance to staff on appraisal-related matters and quality control.
• Participate in audit preparation and respond to examiner and investor inquiries about appraisal practices.
  
  

Qualifications:

• High school diploma or equivalent required; Bachelor's degree in business, finance, real estate, or a related field preferred.
• Minimum of 2–4 years of experience in mortgage lending, appraisal review, or real estate valuation.
• Familiarity with appraisal software, loan origination systems (LOS), and appraisal management platforms.
• Working knowledge of USPAP, FHA, VA, Fannie Mae, and Freddie Mac guidelines.
• Strong analytical, organizational, and communication skills.
• Ability to work independently in a fast-paced environment and meet deadlines.
  
  

Preferred Qualifications:

• State Appraiser License or Certification (e.g., Certified Residential Appraiser) a plus.
• Experience working in a financial institution, credit union, or mortgage company.
• Experience with automated valuation models (AVMs) and appraisal data review tools.