Appraisal Reviewer Job Description [Updated for 2025]

In the modern business landscape, the demand for appraisal reviewers is on the rise.

As the business world becomes more complex, so does the need for skilled professionals who can accurately analyze, scrutinize, and assess the value of various properties and assets.

But what exactly is expected from an appraisal reviewer?

Whether you are:

• An applicant trying to comprehend the core responsibilities of this job,
• A recruitment specialist crafting the perfect job profile,
• Or simply interested in the world of appraisal reviewing,

You’ve come to the right place.

Today, we present a customizable appraisal reviewer job description template, tailored for effortless posting on job boards or career sites.

Let’s dive right in.

Appraisal Reviewer Duties and Responsibilities

Appraisal Reviewers evaluate and scrutinize appraisal reports to ensure accuracy and fairness in property evaluations.

They adhere to established regulatory standards and guidelines in the appraisal industry to ensure the highest level of credibility and reliability.

Appraisal Reviewers typically handle the following duties and responsibilities:

• Review and evaluate appraisal reports for accuracy, consistency, and compliance with guidelines
• Verify that all appraisals are conducted impartially and without bias
• Work closely with appraisers to clarify any inconsistencies or discrepancies found in the reports
• Ensure appraisals meet all regulatory and lender requirements
• Provide written summaries and feedback on reviewed appraisals, often documenting issues and suggesting necessary revisions
• Conduct own research on properties and market trends for comparison and validation purposes
• Communicate effectively with internal teams and external stakeholders on review findings
• Monitor and maintain knowledge of changes in appraisal regulations, trends, and standards
• Handle any disputes or complaints related to the appraisal process

 

Appraisal Reviewer Job Description Template

Job Brief

We are looking for a meticulous and detail-oriented Appraisal Reviewer to join our team.

The Appraisal Reviewer will be responsible for reviewing and analyzing appraisals, ensuring compliance with industry and company policies and standards.

Our ideal candidate is knowledgeable about real estate appraisal methods and processes, has strong analytical skills and is able to effectively communicate their findings.

The primary role of the Appraisal Reviewer is to ensure that all appraisals are accurate, fair, and compliant with all applicable regulations and standards.

 

Responsibilities

• Review and analyze appraisal reports for accuracy and adherence to guidelines
• Communicate with appraisers to clarify or correct information in appraisal reports
• Provide feedback to appraisers on their performance and areas of improvement
• Ensure compliance with all regulatory guidelines and standards
• Maintain knowledge of current real estate market trends
• Prepare and present reports on appraisal quality and findings
• Assist in training new appraisers

 

Qualifications

• Proven work experience as an Appraisal Reviewer or similar role in real estate
• Knowledge of real estate appraisal methods and industry regulations
• Strong analytical and problem-solving skills
• Excellent written and verbal communication skills
• Attention to detail and high level of accuracy
• Certified Residential or Certified General Appraiser license is preferred
• Bachelor’s degree in Business, Finance, Real Estate or relevant field

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Professional development opportunities

 

Additional Information

• Job Title: Appraisal Reviewer
• Work Environment: Office setting with options for remote work. Some travel may be required for site visits or meetings.
• Reporting Structure: Reports to the Chief Appraiser or Appraisal Manager.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $60,000 minimum to $85,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does an Appraisal Reviewer Do?

Appraisal Reviewers typically work in financial institutions, real estate companies, or independent appraisal firms.

Their primary task is to evaluate and inspect appraisal reports to ensure they comply with legal regulations and meet company guidelines.

They collaborate with property appraisers, underwriters, and loan officers, reviewing the work of appraisers for accuracy and validity.

They compare the appraiser’s report with their findings and highlight any discrepancies or inconsistencies that need to be addressed.

Appraisal Reviewers also verify the use of appropriate appraisal methodologies, techniques, and strategies.

They ensure that the appraisal has sufficiently described the property and the reasons for its valuation.

In addition, they are responsible for providing feedback to appraisers regarding any changes that need to be made in the report.

They also have to ensure that the appraisals are unbiased and do not favor any parties involved in the transaction.

Overall, an Appraisal Reviewer’s job is to ensure the integrity of the appraisal process, contributing to the fairness and transparency of real estate transactions.

 

Appraisal Reviewer Qualifications and Skills

An effective Appraisal Reviewer should possess a range of skills and qualifications that align with the demands of the role, such as:

• Detail-oriented to thoroughly review appraisals and ensure their accuracy and compliance with regulations and standards
• Strong knowledge of appraisal methodologies and real estate market trends to accurately assess the value of properties
• Strong analytical skills to evaluate and interpret complex appraisal reports
• Excellent communication skills to clearly convey appraisal findings and recommendations to clients and stakeholders, as well as address any queries or concerns they may have
• Interpersonal skills to collaborate with appraisers, clients, and other stakeholders effectively and professionally
• Problem-solving skills to identify and resolve discrepancies or issues in appraisal reports
• Regulatory knowledge to ensure all appraisals are conducted in accordance with relevant laws, regulations, and industry best practices

 

Appraisal Reviewer Experience Requirements

Entry-level Appraisal Reviewers are typically expected to have at least 1 to 2 years of experience, preferably in an appraisal or real estate related field.

This experience can often be gained through internships, part-time roles, or full-time positions in real estate valuation, property management, or even real estate sales.

Appraisal Reviewers with more than 3 years of experience have likely honed their knowledge and skills in evaluating and scrutinizing appraisal reports, determining the value of properties, and ensuring compliance with real estate laws and regulations.

They may have also gained experience in using appraisal software and databases, as well as maintaining and updating records of each appraisal.

Those with more than 5 years of experience may have developed advanced skills and knowledge in real estate appraisal and property valuation.

They may also have experience in managing and training junior appraisal reviewers, coordinating with appraisers and real estate agents, and resolving conflicts or discrepancies in appraisal reports.

As such, these individuals may be considered for senior roles, supervisory positions, or even managerial roles in the appraisal review department.

They may also be qualified to provide expert consultation services or conduct complex appraisal reviews for high-value or unique properties.

 

Appraisal Reviewer Education and Training Requirements

Appraisal Reviewers typically require a bachelor’s degree in business, finance, economics or a related field.

They should possess an in-depth knowledge of appraisal principles and practices.

This knowledge can often be gained through formal education programs, and many colleges and universities offer courses in appraisal and real estate.

Most states require Appraisal Reviewers to be licensed or certified, and the criteria for this typically involve completion of specific coursework and a certain number of hours of experience in appraising properties.

There are also several organizations, such as the Appraisal Institute and the American Society of Appraisers, that offer professional certifications for Appraisal Reviewers.

Obtaining these certifications often requires additional education and experience, and they can help to demonstrate an Appraisal Reviewer’s expertise and commitment to the profession.

To stay current with industry trends and regulations, continuing education is also important for Appraisal Reviewers.

This can often be accomplished through workshops, seminars, and online courses.

Furthermore, some appraisal reviewers might find it beneficial to have a background or additional training in law, as certain aspects of the job can involve legal issues related to property rights and valuation.

Finally, Appraisal Reviewers should have strong analytical, communication, and problem-solving skills, as their role involves analyzing complex information and communicating their findings to others.

 

Appraisal Reviewer Salary Expectations

An Appraisal Reviewer can expect to earn an average salary of $57,616 (USD) per year.

The actual income can differ based on factors such as years of experience, level of expertise, location, and the company of employment.

 

Appraisal Reviewer Job Description FAQs

What skills does an Appraisal Reviewer need?

Appraisal Reviewers must possess strong analytical and critical thinking skills to evaluate and review appraisals.

They need to have excellent attention to detail to notice discrepancies in reports.

They also need good communication skills to liaise with appraisers and clients, as well as proficient knowledge of regulatory standards and real estate markets.

 

Do Appraisal Reviewers need a degree?

Most employers require Appraisal Reviewers to have a Bachelor’s Degree in finance, real estate or a related field.

They should also have previous experience in real estate appraisal.

Certified Appraiser status or other professional certifications in property valuation can be advantageous.

 

What should you look for in an Appraisal Reviewer resume?

An Appraisal Reviewer’s resume should display a degree in a related field, and experience in property appraisal or a similar role.

Certifications in appraisal and a solid understanding of regulatory standards are also important.

Look for indications of strong analytical, communication and problem-solving skills.

 

What qualities make a good Appraisal Reviewer?

A good Appraisal Reviewer is organized, detail-oriented, and has a strong understanding of appraisal regulations and real estate markets.

They need to be able to work under pressure, meet deadlines, and handle multiple tasks at once.

Excellent problem-solving skills are a must as they often need to identify and resolve discrepancies in appraisal reports.

 

What is the difference between an Appraisal Reviewer and a Real Estate Appraiser?

While both roles operate within the real estate industry, they serve different purposes.

A Real Estate Appraiser estimates the market value of a property based on various factors.

An Appraisal Reviewer, on the other hand, evaluates the work of the appraisers to ensure that it complies with legal and ethical standards, and that the estimated property value is correct and justified.

 

Is it difficult to hire Appraisal Reviewers?

Hiring Appraisal Reviewers can be challenging as it requires individuals with a unique skill set, including analytical ability, knowledge of real estate and appraisal standards, and excellent attention to detail.

Additionally, finding candidates with the necessary certifications and experience can also be difficult.

However, offering competitive salaries and benefits, and providing opportunities for career growth can help attract qualified candidates.

 

Conclusion

And there you have it.

Today, we’ve just unraveled the intricacies of being an appraisal reviewer.

Surprise!

It’s not just about assessing property values.

It’s about shaping the real estate landscape, one appraisal at a time.

Armed with our comprehensive appraisal reviewer job description template and practical examples, you’re ready to make your move.

But why stop there?

Dig deeper with our job description generator. It’s your ultimate tool for creating precise job listings or polishing your resume to perfection.

Remember:

Every appraisal is a piece of the real estate puzzle.

Let’s shape the future of real estate. Together.

How to Become an Appraisal Reviewer (Complete Guide)

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