Loan Quality & Risk Consultant
Posted 08/31/2011
Nationwide Advantage Mortgage Company has an opening for
a Loan Quality & Risk Consultant in Des Moines, Iowa.
HOURS: 20 hours per week Monday - Friday.
SHIFT: To be determined.
JOB SUMMARY: Responsible for appraisal reviews and analysis that support loan quality objectives in both Origination and Quality Control. Conduct appraisal review and analysis related to repurchase demands and effectively present analysis and conclusions. Provide consultation to Underwriters, Quality Control Auditors and Senior Management. Responsible for the development and maintenance of an infrastructure of tools, vendors, data sources and analysis.
LOCATION: Nationwide Advantage Mortgage Company
RELATIONSHIP: Reports to the Vice President, Quality and Risk Management
DIRECT REPORTS: None
JOB RESPONSIBILITIES:
1. Review appraisals obtained from outside appraisers for the purposes of 1) consulting with underwriters on difficult valuation analysis; 2) determine minimum compliance with USPAP (Uniform Standards of Professional Appraisal Practice); and, 3) review appraiser?s work product and make recommendations on future use of the appraiser.
2. Review investor repurchase demands and corresponding appraisals, collect and analyze data and information from various sources to determine validity of repurchase demand; if not valid, construct effective repurchase rebuttal.
3. Evaluate tools and other sources of data and information to be used in review and approval of appraisals during the normal production work flow.
4. Conduct appraisal reviews as part of the normal production and QC work flows.
5. Conduct other types of analysis with regard to appraisers, appraisals, markets and other mortgage-related risk factors.
6. Other duties as assigned.
JOB REQUIREMENTS:
Education: Undergraduate studies in business preferred.
Experience: Minimum Position requirements: 1) Currently active Residential or General Real Estate State Certification, 2) Minimum of ten years residential field appraisal experience 3) High level analytical, problem solving and communication skills 4) Demonstrated knowledge of and work experience in USPAP (AQB Certified or work history with USPAP reviews).
Additional strengths: Professional designation from a major appraisal organization; Appraisal review and analysis experience; Experience in a corporate setting.
Knowledge: Strong working knowledge of USPAP (Uniform Standards of Professional Appraisal Practice); broader mortgage knowledge desired.
Skills/Competencies: Very strong real estate valuation skills and data/trend analysis skills. Must be effective in written presentation of analysis and conclusions, including persuasive arguments supporting the conclusion. Must be attentive to detail and possess excellent verbal and written communication, as well as organizational skills. Strong computer skills including Microsoft Access, Word and Excel and other appraisal and mortgage-related software.
Values: Regularly and consistently demonstrates the Nationwide Values and Guiding Behaviors.
STAFFING EXCEPTION TO MINIMUM JOB REQUIREMENTS MUST BE APPROVED BY: HR Director and NAMC President
JOB CONDITIONS:
Overtime Eligibility: Exempt
Working Conditions: Normal Office Environment. Some travel potentially required (once per quarter).
ADA: The above statements cover what are generally believed to be principal and essential functions of this job. Specific circumstances may allow or require some people assigned to the job to perform a somewhat different combination of duties.
Nationwide Mutual Insurance Company, its affiliates and subsidiaries comply with the Iowa Smokefree Air Act. Smoking is prohibited in all enclosed areas on or around company premises as well as company issued vehicles. The company offers designated smoking areas in which smoking is permitted at each individual location. The Act prohibits retaliation for reporting complaints or violations. For more information on the Iowa Smokefree Air Act, individuals may contact the Smokefree Air Act Helpline at 888-944-2247 or access www.IowaSmokefreeAir.gov.
If interested please visit http://www.nationwide.com/careers/jobs-apply.jsp and apply directly to Requisition #49835. The requisition will be posted until 9/9/11. Email ropej1@nationwide.com with any questions. Thank you very much!
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