Collateral Analyst III

Job Title

Home Lending Collateral Analyst III

Short description

Join Home Lending to provide an exceptional customer experience as part of the Collateral Review Team.

Posting description

The Collateral Analyst will review moderately to highly complex residential appraisal reports that are provided by Chase third party suppliers, Direct Engagement Appraisers, or Staff Appraisers to ensure the collateral meets Chase and investor requirements as part of the loan decisioning process.

Appraisals are submitted to Chase through automated tools.

The successful candidate will be responsible to consider the output of the automated tools together with appraisal report content to determine if the report meets federal regulatory (FIRREA, USPAP, TILA, etc.), investor, and Chase requirements.

Collateral Review decisions must be conducted within required timeframes and in conformance with Chase policy & regulatory requirements.

Work performance will include the review of the tools of the report, requesting revisions through Third Party Suppliers (AMCs, Staff Appraiser Management, Appraisal Management Companies), providing technical appraisal requirement interpretations to internal partners and communicating appraisal credibility, value support and subject marketability to appropriate individuals within JPMorgan Chase.

Job Responsibilities


* Protects the bank's profits by evaluating risk and/or fraud exposure.

Reconciles findings with published guidelines to address/resolve variances and identify relevant compensating factors evident in the loan file, and communicates findings.


* Applies knowledge of mortgage servicing process and/or Chase collateral guidelines, keeping up to date on all collateral policy changes that impact Collateral Review.


* Demonstrates a determination to get the job done right the first time while ensuring loan decisions meet all program and product specifications with high proficiency in analyzing appraisals, and review of Collateral documentation to ensure compliance with investor requirements (e.g.

loan tools, appraisals, etc).


* Highly developed verbal and written communication skills as well as excellent teamwork with internal employees and external customers/business partners.


* Achieves and exceeds work goals for productivity, quality and turnaround time while providing customer service excellence.


* Adheres to all Chase Fair Lending practices.


* Applies relevant technical and computer expertise.

Required qualifications, capabilities, and skills


* Minimum of five years of experience as an appraisal reviewer, credit underwriter, residential appraiser or any combination equaling 5 or more years.


* Excellent analytical and decision making skills, works well under pressure.


* Ability to work independently with little supervision.


* Strong technical skills (Microsoft Office, SharePoint, Collateral Management System, etc.)


* Strong communication skills (written and oral)...