CMG Financial Careers

Description

The Collateral Valuation Analyst is responsible for the review and analysis of residential appraisals used to support mortgage lending decisions based on USPAP, FIRREA and other regulatory and industry standards. The Analyst will determine if the appraisal meets those standards and represents a valid estimate of property value to meet the lending guidelines of CMG.  In addition, the Analyst will work with other team members to assist in the development, implementation, and administration of appraisal guidelines, policies, and procedures.

ESSENTIAL DUTIES and RESPONSIBILITIES, this list of duties and responsibilities is not intended to be a complete list of all the duties and responsibilities performed by incumbents. Duties, responsibilities, and expectations may be added, deleted or modified at any time at the discretion of the supervisor.

• Provides appraisal expertise in the review of residential real estate appraisals, including those with low value, high CU scores, requests for Reconsiderations of Value (ROV) or a second appraisal, as well as other appraisal issues that may be requested to be reviewed.
• Performs desk reviews of residential real estate appraisals for compliance with the appropriate standards and guidelines for the purpose of providing the Underwriter with information regarding the quality of the appraisal and valuation of the collateral so they may determine whether the collateral appropriately supports the loan amount being requested.
• Applies proper application of valuation methods and techniques in their review of residential real estate appraisals and prepares an independent written assessment of the appraisal, and escalates issues, noncompliance, suspicious misrepresentation, or fraud appropriately.
• Performs any necessary follow-up to appraisal reviews performed
• Monitors the appraisal review pipeline and appraisal review email box for requests, along with other team members, and responds accordingly
• Performs quarterly reviews of randomly selected appraisals whose values were lower than expected to monitor for potential appraiser bias in the valuation
• Maintains review productivity in line with established benchmarks, and prioritizes pipeline of pending and active appraisal reviews
• Conducts research and analysis on industry guidelines and utilizes internal and external property valuation tools and resources as needed
• Maintains thorough and up-to-date knowledge of all valuation guidelines, CMG products and systems that are pertinent to the appraisal review process
• Completes special tasks as assigned by manager as needed
• Works with other CMG areas as needed

• 5-7 years’ experience in the mortgage industry.
• Extensive knowledge of appraisal practices and the review and analysis of appraisal valuation products, normally acquired through a minimum of 3 years of experience.
• Strong working knowledge of appraisal related regulatory requirements which includes FIRREA and USPAP.
• Ability to work independently.
• Ability to display objectivity, integrity, independent judgment, confidentiality, and ethical conduct.
• Strong analytical and writing skills.
• Strong attention to detail with ability to detect errors and/or omissions.
• Strong organizational skills.
• Intermediate experience with Microsoft Word, Excel, and email systems
• Ability to thrive in a flexible and production-oriented environment.
• Willingness to work overtime as needed.
• High integrity and confidentiality required.
• Positive and professional attitude and represent company in a positive manner.
• Work well under pressure while promoting a team player attitude.

SUPERVISORY RESPONSIBILITIES:

Direct Reports: N/A

PHYSICAL and ENVIRONMENTAL CONDITIONS

standard office environment, equipment, and tasks, including work at a computer terminal.  This position requires partial sitting and walking throughout the day.  Employee must be open to work overtime to complete assigned tasks.  No travel is required.

Base Compensation Information – The compensation range for this position is between $70,000 to $80,000. 

CMG Financial is an equal opportunity employer and does not unlawfully discriminate in employment decisions. CMG will consider all qualified applicants without regard to race, religion, national origin, sex, age, veteran status, disability, familial status, marital status, actual or perceived sexual orientation, or actual or perceived gender identity. Applicants requiring reasonable accommodation to the application and/or interview process should notify a representative of CMG Financial or reach out to [email protected].

CMG MORTGAGE, INC. NMLS #1820 If you are a recruiter or placement agency, please do not submit resumes to any person or email address at CMG Financial prior to having a signed agreement . CMG Financial is not liable for and will not pay placement fees for candidates submitted by any agency other than its approved recruitment partners. Furthermore, any resumes sent to us without an agreement in place will be considered your company’s gift to CMG Financial and may be forwarded to our recruiters for their attention.