Appraisal Analyst II

Appraisal Analyst II – Alternative Collateral ProductsPosition OverviewThe Appraisal Analyst II – The Alternative Collateral Product Reviewer is a key contributor within the Collateral Risk Management (CRM) team and is responsible for reviewing and rendering decisions on non‑traditional and alternative valuation products used in residential mortgage lending. This role supports safe and sound lending by evaluating the adequacy, appropriateness, and risk implications of alternative collateral documentation in accordance with internal policy and investor guidelines.The analyst applies independent judgment within delegated authority and partners closely with underwriting, pipeline management, and business partners to ensure collateral decisions are well‑supported, consistently applied, and aligned with risk appetite.Primary ResponsibilitiesPerform moderately complex reviews of alternative collateral products, which may include but are not limited to: Property Data Reports (PDR)Property Data Collect products (PDC)Hybrid appraisalsDesktop appraisalsEvaluations and other policy‑approved alternative valuationsReview alternative collateral documentation for compliance with: Bank collateral policyFannie Mae and Freddie Mac guidelinesApplicable regulatory and supervisory guidanceAssess whether the selected collateral product is appropriate for the transaction type, risk profile, and loan purpose.Analyze data integrity, property characteristics, market context, and valuation conclusions to determine whether collateral risk is adequately addressed.Identify missing, conflicting, or unsupported information and place clear conditions or revision requests as required.Render collateral decisions within delegated authority: AcceptConditionEscalate to higher‑level review when risk, complexity, or policy exceptions existApply risk‑based judgment when alternative collateral results conflict with market data, borrower information, or other file components.Document clear, defensible review notes to support underwriting decisions, audit review, and investor inquiries.Communicate professionally with internal partners, vendors, and collateral operations teams to resolve issues efficiently.Escalate quality concerns, policy gaps, or emerging risk trends to management.Meet or exceed established productivity, quality, and turnaround time expectations.Adhere to all bank policies, regulatory requirements, and internal procedures.Perform other duties as assigned by management.QualificationsRequiredMinimum of 2–4 years of experience in: Collateral risk reviewReal Estate ProfessionalMortgage underwriting with collateral decision authorityValuation review or appraisal operationsDemonstrated knowledge of: Alternative collateral products and their appropriate useFannie Mae and Freddie Mac collateral eligibility requirementsBank collateral policy and risk‑based decisioningStrong analytical and critical‑thinking skills with the ability to assess reasonableness and risk without reliance on a traditional appraisal.Ability to clearly document decisions and communicate complex collateral issues.Proven ability to manage an individual pipeline in a production environment.PreferredPrior experience reviewing alternative valuation productsFamiliarity with automated valuation tools, risk scoring models, and property data analyticsExperience supporting audits, QC reviews, or investor inquiries related to alternative collateralSkills & CompetenciesRisk‑focused, independent decision‑makingStrong policy interpretation and application skillsHigh attention to detail and consistencyProfessional, solution‑oriented communication styleAbility to manage exceptions and ambiguityAdaptability in a changing collateral and regulatory landscapeCommitment to quality, accountability, and continuous improvementWorking ConditionsREMOTEStandard business hours; flexibility may be required during peak volumes or pilot initiativesCompany
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