What are the responsibilities and job description for the Appraisal Reviewer position at Lima One Capital?
Job Type
Full-time
Description
Reporting directly to the Appraisal Supervisor, this person facilitates all value-related disputes and ensures compliance of company, industry, and regulatory agency standards during the appraisal process. This role is responsible for functioning as an appraisal subject matter expert to ensure Lima One Capital, industry, and regulatory appraisal standards & requirements are met. They will perform reviews and evaluations of all appraisals completed to ensure compliance with regulatory guidelines. Determine levels of appraisal quality and deficiencies to govern Lima One Capital’s list of ineligible appraisers and/or reporting to state appraisal licensing boards.
Duties And Responsibilities
Equivalent Education Level Required: State Certified Appraiser license required
Required Experience, Knowledge, Skills And Competencies
Industry Leading Benefits:
Career Development: We prioritize the growth and success of our team members. You'll benefit from continuous learning opportunities, dedicated mentorship, and the chance to refine your skills and advance your career.
New Headquarters: Join us in our brand new, thoughtfully designed office in the heart of Downtown Greenville (parking is paid for!)
Why Lima One?
At Lima One Capital we’re relentlessly focused on a simple but powerful goal: to be the nation’s premier lender for real estate investors. Inspired by that vision, every member of our team is driven by our mission to create opportunities for our customers and employees by educating, empowering, and financing real estate investors who are building, improving, and stabilizing their neighborhoods and communities nationwide.
Lima One Capital does not sponsor H1B Visas. To be considered for employment, a candidate must be authorized to work in the United States for any employer and not require sponsorship, now or in the future.
Notice to Third Party Recruiters and Agencies
Lima One Capital does not accept unsolicited resumes or candidate submissions from recruiters or employment agencies. In the absence of a fully executed agreement for a specified position, Lima One Capital has no obligation to pay any referral compensation or recruiter fee. In the event a recruiter or agency submits a resume or candidate without an agreement, Lima One Capital explicitly reserves the right to pursue and hire those candidate(s) without any financial obligation to the recruiter or agency. Any unsolicited resumes, referrals, or candidate submissions, including those communicated to a member of the Human Resources team or a hiring manager, shall be deemed the property of Lima One Capital. If you or your agency would like to be considered as a future recruiting partner, please email employment@limaone.com (Subject: Agency Partner Request).
Full-time
Description
Reporting directly to the Appraisal Supervisor, this person facilitates all value-related disputes and ensures compliance of company, industry, and regulatory agency standards during the appraisal process. This role is responsible for functioning as an appraisal subject matter expert to ensure Lima One Capital, industry, and regulatory appraisal standards & requirements are met. They will perform reviews and evaluations of all appraisals completed to ensure compliance with regulatory guidelines. Determine levels of appraisal quality and deficiencies to govern Lima One Capital’s list of ineligible appraisers and/or reporting to state appraisal licensing boards.
Duties And Responsibilities
- Review standard appraisals and any additional provided documents for consistency. Ensure appraisal conforms to company, industry and other regulatory agency standards.
- Ensure the appraisal review includes a thorough analysis of the appraisal report for reasonable assumptions, appropriate technical analysis, current market conditions, and ensures compliance with USPAP and Lime One Capital guidelines.
- Provide evidence of review with relevant comments regarding validity of conclusions, adequacy of due diligence, etc. Also, provide an in-depth analysis of the appraisal that will help underwriters make sound judgment decisions regarding the collateral aspect of the loan and ultimately limit collateral risk.
- Respond to valuation questions and disseminate valuation guidelines and requirements with internal/external customers.
- Maintain thorough and up-to-date knowledge of the Uniform Standards of Professional Appraisal Practice, the Appraiser Independence Requirements (AIR) and company valuation guidelines that are pertinent to the appraisal review process.
- Confirm AIR compliance and evaluate subsequent revised appraisal reports.
- Maintain a good working relationship with the Appraisal Management Companies and panel appraisers while monitoring appraisal orders, value dispute requests, and status inquiries.
- Perform analysis and review of appraisals utilized for Lima One Capital securitization projects.
- Process escalated requests from lending business units or underwriting, for appraisal reviews for lending business units, and underwriting on complex property types.
- Track all completed services to assist in the creation of monthly business reviews when necessary.
- Triage value reconsideration requests for compliance and relevancy and review all subsequent revised appraisals.
- Other duties may be assigned.
Equivalent Education Level Required: State Certified Appraiser license required
Required Experience, Knowledge, Skills And Competencies
- Minimum of 5 years’ experience in real estate appraisals
- Real estate appraisal experience in both traditional and/or investment bank environments.
- Knowledge of principles, practices, methods and techniques of real estate appraisal.
- Ability to recognize and interpret real estate sales/rental data and market trends.
- Ability to utilize data resources and internet services to evaluate appraisal value conclusions.
- Time management skills – ability to manage multiple priorities and clients at the same time.
- Ability to assess the stability of a property’s value and/or income, relative to its market.
- Ability to think autonomously while exhibiting initiative and sound judgment to address issues relating to the appraisal and make appropriate recommendations as they relate to risk.
- Excellent analytical and communication skills, including written and oral.
- Work independently in a fast-paced environment while collaborating within a team setting.
- Real estate review experience
- Experience as an in-house review appraiser within the mortgage industry
- National real estate valuation experience
Industry Leading Benefits:
- Medical, Dental and Vision Insurance
- Life Insurance, Short-Term Disability, and Long-Term Disability
- Hospitalization and Accidental Insurance
- Flexible Spending Accounts – Health and Dependent Care
- Health Savings Account
- Safe Harbor 401K with company match
- Growing Families Support (including paid parental leave, infertility support and assistance, childcare reimbursement, and elder care)
- Pet Insurance
Career Development: We prioritize the growth and success of our team members. You'll benefit from continuous learning opportunities, dedicated mentorship, and the chance to refine your skills and advance your career.
New Headquarters: Join us in our brand new, thoughtfully designed office in the heart of Downtown Greenville (parking is paid for!)
Why Lima One?
At Lima One Capital we’re relentlessly focused on a simple but powerful goal: to be the nation’s premier lender for real estate investors. Inspired by that vision, every member of our team is driven by our mission to create opportunities for our customers and employees by educating, empowering, and financing real estate investors who are building, improving, and stabilizing their neighborhoods and communities nationwide.
- Loans Funded: $10 billion in loans funded, 30k loans closed since 2010
- Geography: 46 states D.C. where we revitalize neighborhoods
- Employees: ~300 employees with competitive benefits and perks
- Stability: Backed by the immense resources of MFA Financial, a publicly traded mortgage REIT with 25 years of proven success
- Veteran Founded: Founded by 2 US Marine Corps veterans, we proudly approach every deal and decision with grit, determination, boldness, and integrity
Lima One Capital does not sponsor H1B Visas. To be considered for employment, a candidate must be authorized to work in the United States for any employer and not require sponsorship, now or in the future.
Notice to Third Party Recruiters and Agencies
Lima One Capital does not accept unsolicited resumes or candidate submissions from recruiters or employment agencies. In the absence of a fully executed agreement for a specified position, Lima One Capital has no obligation to pay any referral compensation or recruiter fee. In the event a recruiter or agency submits a resume or candidate without an agreement, Lima One Capital explicitly reserves the right to pursue and hire those candidate(s) without any financial obligation to the recruiter or agency. Any unsolicited resumes, referrals, or candidate submissions, including those communicated to a member of the Human Resources team or a hiring manager, shall be deemed the property of Lima One Capital. If you or your agency would like to be considered as a future recruiting partner, please email employment@limaone.com (Subject: Agency Partner Request).
