Job Description
Description Position at loanDepot
Position Summary :
Responsible for performing desk reviews on appraisal reports for various loan programs that are completed by licensed independent appraisers. Reviews data to decide whether reports meet eligibility guidelines for investors, regulators, and applicable industry standards. Ensures the performance of all duties in accordance with the company's policies and procedures, all U.S. state and federal laws and regulations, wherein the company operates.
Responsibilities :
- Performs reviews on appraisal reports completed by third party appraisers using a loanDepot approved checklist for moderate to high risk files as determined by management.
- Reviews data to assess overall collateral risk and identifies investor eligibility items for underwriting review and clearance.
- Adds loan conditions to each file when additional items are need by either appraisal or underwriting group.
- Follows up on open appraisal conditions using a pipeline report and clears open conditions proactively.
- Performs "Reconsideration of Value" appeals following the loanDepot approved process and determines whether original reports are deficient.
- Performs escalated reviews and/or desk reviews on files deemed to have high risk attributes consistent with loanDepot's approved process.
- Performs reviews on post-closing files deemed to be deficient through QC/QA or other investor audit consistent with loanDepot's approved process.
- Communicate with AMC's and internal staff regarding review findings and document tasks as required.
- Performs other duties and projects assigned.
Requirements: - Bachelor's Degree preferred and a minimum of seven (7) + years' experience as a licensed appraiser.
- Recent experience as a nationwide review appraiser required.
Experience in the Mortgage industry preferred. - Current state certification as a licensed appraiser required.
Why work for #teamloanDepot :
- Aggressive compensation package based on experience and skill set.
- Inclusive, diverse, and collaborative cultures where people from all backgrounds can thrive.
- Work with other passionate, purposeful, and customer-centric people.
- Extensive internal growth and professional development opportunities include tuition reimbursement.
- Comprehensive benefits package including Medical/Dental/Vision.
- Wellness program to support both mental and physical health.
- Generous paid time off for both exempt and non-exempt positions.
About loanDepot :
loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster, and less stressful to purchase or refinance a home. Today, as the nation's second largest non-bank retail mortgage lender, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional, and national philanthropic efforts.
Base pay is one part of our total compensation package and is determined within a range. This provides the opportunity to progress as you grow and develop within a role. The base pay for this role is between $26.92 - $47.60. Your base pay will depend on multiple individualized factors, including your job-related knowledge/skills, qualifications, experience, and market location.
We are an equal opportunity employer and value diversity in our company. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. loanDepot
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