Appraisal Underwriter II

To underwrite Conventional and Equity loan appraisal reports. To apply the established guidelines of Navy Federal, secondary market investors, and regulatory agencies to determine the acceptability and marketability of the property, and ensure the collateral is sufficient to secure the requested loan. Responsibilities Manages a pipeline of appraisals; remains aware of pending due dates; monitors and acts upon appraisal updates and new assignments to ensure member service expectations are met Communicates to production staff, appraisers, and appraisal vendors any changes, revisions, or corrections that occur after initial delivery of the appraisal; ensures timely follow up Responds to inquiries from production staff and other business units concerning appraisals in review and advanced underwriting issues; addresses and documents issues in systems Reviews and decisions appraisal reports; determines and adds conditions to loan file in systems; issues counter offers and denials Reviews and considers effects of contracts related to property, such as age restrictions, HOAs, private water/septic/roads, etc. Conducts a thorough examination of all components of the appraisal report, including supplemental appraisal forms, ensuring that deficiencies, repairs, or special requirements have been notated Determines the acceptability and marketability of the property to ensure the collateral is sufficient to secure the loan Utilizes information from all resources, such as the International Building Code, local building and zoning contacts, tax records, online real estate databases, member documentation, and title work to ensure an exceptional member experience without compromising risk level Makes decisions regarding the acceptability of the investment risk using established Navy Federal, investor, and regulatory guidelines; recommends for denial or exception any properties that do not meet them Communicates professionally, proactively, and confidently with appraisers, appraisal vendors, and business partner Provides timely, accurate, and clear information based upon research conducted and/or existing knowledge Collaborates with business partners to arrive at acceptable solutions; escalates complicated, urgent, and/or sensitive scenarios to supervisor; recommends and justifies exceptions Prepares highly detailed communications to appraisers and appraisal vendors in accordance with Appraiser Independence and other regulatory requirements Analyzes and facilitates member appeals; works with processing team to ensure appeals meet guidelines; takes appropriate follow up action Supports the Appraisal Underwriting function Maintains current knowledge of Navy Federal mortgage and equity products, and changes to investor guidelines and regulatory requirements that impact underwriting Provides feedback to Appraisal Underwriting leadership for the development of policies, procedures, and training Assists in the ongoing maintenance of online underwriting manuals Works independently Exercises judgment and discretion to analyze and solve more complex or unusual problems; assesses issues; may modify processes and procedures and develop alternate courses of action to complete work Applies in-depth knowledge of processes and procedures; has developed conceptual and practical expertise in the field Makes recommendations on or resolves a range of problems that have limited to moderate impact Resolves issues escalated from level I; provides guidance to Level I and Appraisal Underwriting Specialists on the appropriate course of action to resolve issues May assist the Supervisor in the preparation of summaries and reports for presentation to management Thorough knowledge of the guidelines, policies, and regulations that impact underwriting Performs other related duties as assigned Qualifications Significant underwriting experience to include appraisal only and/or full credit, FHA, VA, Equity, and/or Conventional loans Demonstrated in-depth knowledge of underwriting principles, secondary market (FNMA and FHLMC) and/or government (FHA/VA) guidelines, and relevant regulatory requirements Demonstrated ability to analyze complex scenarios and determine/recommend exceptions Desired - Current or prior conventional appraisal review experience, SAR/LAPP, and/or DE authority Desired - Familiarity with Navy Federal policies, procedures, products, and services Strong organization skills and ability to handle multiple tasks simultaneously with a high degree of accuracy in a high volume, fast paced environment Strong verbal, written, and interpersonal communication skills to include experience counseling, negotiating, or explaining decisions to members and vendors About Us Navy Federal provides much more than a job. We provide a meaningful career experience, including a culture that is energized, engaged and committed; and fierce appreciation for our teams, who are rewarded with highly competitive pay and generous benefits and perks. Our approach to careers is simple yet powerful: Make our mission your passion. FORTUNE100 Best Companies to Work For® 2026 Yello and WayUp Top 100 Internship Programs 2025 Computerworld® Best Places to Work in IT 2026 Most Loved Workplace - America's Top Most Loved Workplaces® 2025 Newsweek Most Trustworthy Companies in America 2026 Military Times 2025 Best for Vets Employers Forbes® 2026 America's Best Large Employers Forbes® 2025 America's Best Employers for New Grads Forbes® 2025 America's Best Employers for Tech Workers 2025 RippleMatch Campus Forward Award Winner for Overall Excellence Military.com Top Military Spouse Employers 2025 2026 Handshake Early Talent Award Newsweek America's Greatest Workplaces for Culture, Belonging and Community 2026 All qualified applicants will receive consideration for employment without regard to age, race, sex, color, religion, national origin, disability, veteran status, pregnancy, sexual orientation, genetic information, gender identity or any other basis protected by applicable law. Accommodations: If you need accommodation or assistance for a qualifying condition to complete the online application (or during any stage of the hiring process), you can contact Navy Federal's Medical Accommodations team at View email address on click.appcast.io or by calling View phone number on click.appcast.io . This team cannot provide any information on job postings or application status. Disclaimers: Navy Federal reserves the right to fill this role at a higher/lower grade level based on business need. An assessment may be required to compete for this position. Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team's discretion based on qualified applicant volume. Navy Federal Credit Union assesses market data to establish salary ranges that enable us to remain competitive. You are paid within the salary range, based on your experience, location and market position. For additional details regarding compensation and benefits, review theBenefits page of the Navy Federal Career Site. Bank Secrecy Act: Remains cognizant of and adheres to Navy Federal policies and procedures, and regulations pertaining to the Bank Secrecy Act. Job Info Job Identification 31915 Posting Date 08/19/2026, 01:14 PM Apply Before 08/27/2026, 04:55 AM Degree Level No Formal Education Job Schedule Full time Job Shift Regular Hours Targeted Salary Range $29.28 - $44.86 hourly #J-18808-Ljbffr Navy Federal Credit Union