Job Abstract

Summary

Appraisal Underwriter, Government underwrites conventional appraisals in accordance with FNMA, FHLMC, FHA and internal Freedom Mortgage guidelines. The Appraisal Underwriter, Government will be responsible for ensuring high quality appraisals are being delivered and will work back with AMC in obtaining corrections and clarifications as needed.

Essential Job Functions:

• Underwrites Conventional and FHA appraisals for all property types for accuracy of data and value
• Develops and maintains an up to date and sound knowledge of multiple loan product guidelines offered by the company, DU/LP guidelines, and risk assessment tools used to review appraisals
• Utilizes CU scores from SSR reports to determine the level of review and/or elevation as required by Freedom Mortgage Credit Policy
• Exercises sound judgment in evaluating collateral risk
• Communicates in writing to AMCs and Freedom Mortgage operations staff, any required corrections and clarifications

Supervisory Responsibilities:

This job has no supervisory responsibilities

Qualifications:

To perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

• Experience reviewing appraisals on all forms utilized by FNMA/FHLMC/FHA
• Strong analytical and decision making/problem solving skills
• Possess a keen eye for accuracy, attention to detail and ability to handle a high volume work load
• Excellent interpersonal, organizational, prioritization and time management skills
• Proficient in computers including LOS systems, Microsoft Office and Excel. Ability to adapt/ learn/utilize multiple software programs. Experience with paperless environment preferred.
• Ability to type/use a keyboard with sufficient speed to meet job demands
• Ability to deliver effective results and to meet deadlines with minimal supervision
• Self-starter, adapt to a changing environment and have the ability to communicate and work well with AMCs and co-workers
• Possess clear, concise and effective written and oral communication skills
• Professional demeanor in appearance, interpersonal relations, work ethic and attitude
• Required to support and work across all business channels in Underwriting (Retail/CC/Wholesale) as needed.

Education and/or Experience:

• High School Diploma or GED Required; 4 Year BA or BS preferred
• Minimum 3 years of appraisal review experience
• Minimum 1 year w/ DE

Language Skills:

Ability to read and comprehend instructions, correspondence, memos, and work place policies. Ability to analyze, interpret general business periodicals, professional journals, procedures and governmental regulations. Ability to write professional correspondences. Ability to write routine business reports. Ability to speak effectively with other employees and/or customers. Ability to present formal information in one-on-one and small group situations to customers, students, parents and/or other employees. Ability to present information and respond to questions from groups of administrators, managers, employees, customers and/or the general public.

Mathematical Skills:

Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry.  Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

Reasoning Ability:

Ability to carry out detailed written and/or verbal instructions. Ability to solve problems involving concrete variables in standardized situations. Ability to define problems, collect data, establish facts, and draw valid conclusions.

Certificates, Licenses, Registrations:

This position does not require professional licensing, certification or registration.

Customer Service Relationships:

Anticipates customer needs and regularly motivates or influences others to deliver customer service excellence. May troubleshoot highly sensitive or confidential issues. Personally ensures problem resolution. Identifies barriers to effective customer service and sets customer service standards. Establishes a customer feedback system and holds self-accountable for customer service excellence within the department.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.  While performing the duties of this job, the employee is frequently required to sit and talk or hear.  The employee is occasionally required to stand; walk; use hands to finger, handle, or feel; and reach with hands and arms.  The employee must occasionally lift and/or move up to 25 pounds.

Work Environment:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually moderate.

Employer’s Rights:

This job description does not list all the duties of the job. You may be asked by your supervisors or managers to perform other duties. You will be evaluated in part based upon your performance of the tasks and functions listed in this job description. The employer has the right to revise this job description at any time. The job description is not a contract for employment, and either you or the employer may terminate employment at any time, for any reason.

Americans with Disabilities Act: 

Applicants as well as employees who are or become disabled must be able to perform the essential job functions either unaided or with reasonable accommodation. Applicants as well as employees are encouraged to meet with Human Resources as the organization shall determine reasonable accommodation on a case-by-case basis in accordance with applicable law.