Job Description

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

This job is responsible for reviewing valuation products including appraisals, Broker Price Opinions, and Property Condition reports for accuracy, credibility, reasonableness, and compliance with applicable investor/insurer/guarantor appraisal requirements or Engagement Letter instructions. Key Responsibilities include responding to audits, assisting internal sales, fulfillment, or operations clients, vendors, panel appraisers, and other team members independently.

Job expectations include having five or more years of experience in the real estate appraisal industry and maintaining a valid Appraisal license. Coverage responsibilities include research into appraisal issues related to compliance with USPAP, Federal, State, and Bank policies and/or contractual requirements. Research and timely response to customer or vendor complaints, audit issues, escalated reviews including complex and high dollar properties and special projects.

Responsibilities:

• Completes appraisal and valuation product reviews independently demonstrating professional skill and competence in adherence to applicable regulatory guidelines
• Provides supporting documentation and analysis supporting valuation review conclusions
• Demonstrates the highest professional competence in written and verbal communications with appraisers, vendors, managers, and the lines of business seeking mitigation of appraisal defects while staying within the parameters of Appraisal Independence requirements
• Demonstrate an ability to solve complex and vexing valuation issues independently with adherence to policy and procedures
• Maintains appraisal license(s) by completing necessary continuing education requirements
• Research escalated concerns regarding Provider performance for compliance with USPAP, Federal, State, Bank and/or Investor requirements

Required Qualifications:

• 5 Years or more of experience in the Real Estate Appraiser industry
• Must have and maintain an Real Estate Appraisal License

Minimum Education Requirement:

• High School Diploma / GED / Secondary School or equivalent

Skills:

• Analytical Thinking
• Collaboration
• Collateral Management
• Research
• Technical Documentation
• Due Diligence
• Investigation Management
• Prioritization
• Regulatory Compliance
• Written Communications
• Continuous Improvement
• Record Keeping
• Relationship Building
• Reporting

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - NJ - Jersey City - 525 Washington Blvd (NJ2525)Pay and benefits informationPay range$101,800.00 - $138,400.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.