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Senior Residential Appraisal Reviewer

Full Time
Real Estate Field
  • Appraisal / Valuation
Postal Code
United States

This job is no longer active.



Toorak Capital Partners (“Toorak”) is an integrated correspondent lending platform that funds small balance business purpose residential, multifamily and mixed-use loans throughout the U.S. and the United Kingdom.  Headquartered in Summit, NJ, Toorak acquires and manages loans directly from private lenders that originate high credit quality loans.  Toorak is a recognized leader in mortgage credit in the residential and commercial space, real estate lending, capital markets, securitization, asset-liability management, and asset management.


The Residential Appraisal Reviewer will be a member of the Credit Department and be responsible for the review and processing of appraisal valuations prior to loan purchase.  This position provides active input and review of 1-4 family residential bridge and 30-year property valuations.    The Appraisal Reviewer will help determine the acceptability and credibility of each appraisal by working with lenders, appraisal firms and third-party review firms.   In addition, the position will also help formulate strategy and underwriting guidelines and help the firm on miscellaneous credit initiatives. 


  • Review specific appraisals to ensure the value is reasonable in the context of the market
  • Prepare reports and make recommendations regarding new or revised operational procedures or automated systems
  • Actively participate in the credit review and acquisition process to ensure loans are adhering to company policy.   Will include working with other professionals both internally and externally.
  • Implement and oversee approved appraisal providers by systematically identifying strong appraisers, AMC best practices and do not use lists.
  • Maintain knowledge of appraisal standards, regulatory guidelines (USPAP and FIRREA), internal policies and generally accepted appraisal standards.
  • Ensure key appraisal assumptions are analyzed and thoroughly supported
  • Participate in client conversations, phone calls, company presentations, etc.


  • 5-10 years of residential appraisal review experience either working for a lender or as a third-party appraisal reviewer.   
  • Expertise to include transitional/bridge loans and construction underwriting to help evaluate the sufficiency of construction budgets when evaluating appraisals on both an “As Is” and “ARV” basis.    
  • State licensed as a Certified Residential Appraiser in both New York and New Jersey
  • College degree in Real Estate, Finance, Business, Economics or related field
  • Strong modeling skills in Excel and excellent written and verbal communication skills
  • Strong analytical skills and attention to detail
  • Ability to multi-task while working independently in a fast-pace environment
  • Position is located in Summit, NJ

Job Functions

  • Acquisitions
  • Appraisal
  • Mortgage

Job Sector

  • Residential


5+ to 7 years

This job is no longer active.

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