What are the responsibilities and job description for the Appraisal Manager position at Novus?
ESSENTIAL DUTIES AND RESPONSIBILITIES
|
Responsibility |
Description |
|
Team Management |
Lead, mentor, and manage appraisal department staff including appraisers and the appraisal coordinator; provide regular feedback and performance development. |
|
Appraisal Assignment Oversight |
Assign appraisal orders, manage pipeline prioritization, and oversee daily workflow in the Connexions platform. |
|
Vendor Management |
Maintain and evaluate the approved appraiser panel and AMCs; ensure licensing, insurance, and performance standards are met. |
|
Process Oversight |
Design and implement policies for ordering, reviewing, transferring, and escalating appraisal reports in accordance with HUD, USDA, FNMA, Freddie Mac, and internal guidelines. |
|
Cross-Department Collaboration |
Partner with underwriting and processing teams to resolve appraisal issues efficiently and accurately. |
|
Technology & Systems |
Lead the transition to and optimization of the Connexions appraisal system; ensure staff and vendors are properly trained. |
|
Reporting & Metrics |
Monitor turnaround times, cost efficiency, appraisal quality, and vendor performance; report KPIs to leadership. |
|
Compliance |
Ensure all appraisal activities comply with USPAP, federal and state regulations, FHA/USDA/VA guidelines, and Novus policies. |
|
Dispute Resolution |
Handle value disputes, reconsideration of value (ROV) requests, and investor-related appraisal deficiencies. |
|
Training & Development |
Create and maintain appraisal training materials for internal teams and vendors. |
|
Market Analysis |
Stay current on market conditions, rural valuation trends (e.g., in regions like Marshfield, WI), and industry changes. |
|
Process Improvement |
Lead ongoing appraisal department enhancements through automation, policy updates, and system optimization. |
MINIMUM QUALIFICATIONS
|
Category |
Requirements |
|
Education |
Real estate or business-related field preferred. |
|
Experience |
5 years of real estate appraisal experience in residential mortgage lending. |
|
Certifications |
State Certified or Licensed Residential Appraiser strongly preferred. |
|
Systems Knowledge |
Experience with Connexions or similar appraisal management platforms. |
|
Technology Skills |
Proficiency in Encompass, appraisal review tools, and workflow systems. |
|
Regulatory Knowledge |
Deep understanding of USPAP, FHA, USDA, GSE appraisal standards, and Dodd-Frank Appraisal Independence Requirements. |
Pay range is $72,000 - $80,000 annual salary.
This is an onsite position working at the corporate headquarters in Brookfield, WI.
Salary : $72,000 - $80,000