Title: Principal Appraisal Reviewer Level: Principal Associate
Summary: The Appraiser II performs internal real estate reviews on 1 - 4 family properties for compliance with corporate policy and standards, Uniform Standards of Professional Appraisal Practice (USPAP), Fannie Mae, Freddie Mac, and HUD guidelines...This position is responsible for analyzing valuations to determine their reasonableness, defensibility, and to assure they were prepared accurately. It is responsible for following processes to ensure risks are measured, monitored and controlled and compliance requirements are adhered to on an on-going basis. Duties completed by The Review Appraiser II are to be performed competently, and in a manner that is independent, impartial, and objective.
The Appraiser II is responsible for reviewing completed valuations ordered by Capital One Bank to ensure:. - The correct property has been appraised. - All valuation concepts have been applied correctly. - Comparable Sales are appropriate and reflect market conditions. - Decision regarding highest and best use are supportable and appropriate.- Valuations comply with Capital One Appraisal Policy and Procedures. - Market trends and conditions are analyzed. - Opinions are grounded by quantitative and qualitative data analysis..
Appraiser II additional responsibilities will include:.. Stay informed of risk-related changes that may impact assigned work functions and processes.. Participate in the development of internal procedures, and/or discussions on how to address ongoing industry challenges..
Additional Qualities Needed:. -Ability to recognize deficiencies in appraisal reports and changes in market trends and conditions. -Able to work independently and multitask. -Effective and proficient communication skills. -Annual completion of CE Credits to maintain certification.
Basic Qualifications: -High School Diploma, GED or equivalent certification or military experience -State Certified Residential Appraiser License. -At least 3 years of experience appraising 1-4 family residential real estate. -At least 3 years of experience using FNMA and FHLMC appraisal guidelines. -Proficient in MS Office Suite
Preferred Qualifications: -Bachelor's Degree in real estate -3 years of institutional review of residential 1-4 family real estate -5 years' experience appraising 1-4 family residential real estate
At this time, Capital One will not sponsor a new applicant for employment authorization for this position.