Appraisal Review Analyst

at First National Bank of Omaha in Chicago, Illinois, United States

Job Description

At FNBO, our employees are the heart of our story-and we're committed to their success! Please see below the details of this career opportunity and how it fits into our organization's success.

Summary of the Job:
The Appraisal Review Analyst plays a critical role in ensuring the quality, accuracy, and regulatory compliance of residential real estate valuations supporting FNBO's lending operations. This position conducts comprehensive reviews of both complex and non-complex residential appraisal reports, develops internal property evaluations, and serves as a subject matter resource for underwriting and production teams on collateral valuation and eligibility matters. Operating in a fast-paced, high-volume environment, the Appraisal Review Analyst applies knowledge of industry regulations, agency guidelines, and appraisal methodology to identify valuation risk and ensure adherence to USPAP, FIRREA, and investor requirements.

About This Role:

Appraisal Review & Compliance
Conduct independent reviews of residential appraisal reports (single family, condominium, and 2-4 unit properties) for accuracy, completeness, and compliance with USPAP, FIRREA, and applicable agency and investor guidelines
Identify valuation risk, property eligibility issues, overvaluation concerns, and compliance deficiencies through detailed analysis
Review comparable sales, market trends, and property characteristics to validate appraisal conclusions
Evaluate appraiser methodology, logic, and conclusions to ensure credible and well-supported valuations
Communicate professionally and clearly with appraisers to resolve questions, request clarifications, or address deficiencies

Property Valuation & Analysis
Independently conduct property research and analysis to develop internal real estate evaluations
Apply market knowledge and analytical skills to assess property values and market conditions

Collaboration & Support
Provide expert guidance to underwriters and production teams on collateral and valuation-related questions, including complex or high-risk scenarios
Serve as a technical resource for appraisal and property valuation matters
Support appraisal department process improvements, system enhancements, and adaptation to industry regulatory changes

Quality & Productivity
Produce high-quality, accurate work in a deadline-driven environment to meet established service level agreements
Prioritize and manage multiple assignments effectively

Compliance & Risk Management
Understand and adhere to all bank policies, procedures, laws, and regulations applicable to the role
Stay current on changes to appraisal regulations, agency guidelines, and industry best practices

The Ideal Candidate for This Role:

Required Education & Experience
Bachelor's degree or equivalent combination of education and experience
Minimum 3 years of residential appraisal experience
Experience reviewing residential appraisal reports for compliance and credible valuation - preferably in a bank, mortgage lender, or appraisal management company (AMC) environment

Required Knowledge, Skills & Abilities
Strong working knowledge of USPAP (Uniform Standards of Professional Appraisal Practice)
Comprehensive understanding of Fannie Mae and Freddie Mac appraisal guidelines, FHA Handbook 4000.1 requirements, and USDA appraisal/property requirements
Excellent analytical skills with strong attention to detail
Exceptional verbal and written communication skills, including the ability to clearly communicate technical concepts
Ability to prioritize multiple tasks and meet deadlines in a fast-paced environment
Sound judgment and decision-making capabilities
Proficiency with Microsoft Office Suite (Outlook, Word, Excel)

Preferred Qualifications
Certified Residential Appraiser or Certified General Appraiser license
Experience with appraisal technology platforms including FNC CMS, Fannie Mae Collateral Underwriter (CU), Freddie Mac Loan Collateral Advisor (LCA), and/or Encompass LOS

Working Conditions
Hybrid work arrangement requiring onsite presence at Omaha Tower 3 days per week in a standard office environment. Extended hours or overtime may be required during peak volume periods.

*This position description is intended to describe the general nature and level of work being performed. It is not an exhaustive list of all responsibilities, duties, and skills required. Duties and responsibilities may be adjusted based on business needs.*

Candidates must possess unrestricted work authorization and not require future sponsorship.

Compensation:
Compensation range (base pay): $63,288.00-$104,425.00
This role may have a specific starting pay within this... For full info follow application link.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or disability status.