Megha Sharma

Senior Analyst- Appraisal Review Specialist

Situs AMC

Gurugram

07.2021 - Current

Conduct detailed appraisal reviews for residential mortgage loans to ensure valuation accuracy, data integrity, and compliance with investor and regulatory standards (Fannie Mae, Freddie Mac, FHA, etc.).
Analyze appraisal reports (e.g., 1004, 1025, 1073 forms) to verify appropriate use of comparable sales, market condition adjustments, property characteristics, and appraisal methodology.
Identify and escalate red flags such as overvaluation, property condition issues, use of outdated or inappropriate comps, and market inconsistencies.
Maintain a strong understanding of agency and investor guidelines to ensure appraisal and credit decisions are current, compliant, and defensible.
Collaborate with internal teams to ensure that appraisal findings are consistent with the overall review decision and aligned with loan program requirements.
Conducted post-closing audit reviews and re-appraisal recommendations for high-risk loan files.
Responsible for reviewing, validating, and ensuring compliance of third-party appraisal reports used in mortgage lending.
Analyzed and reviewed preliminary title reports, title commitments, and final title insurance policies to ensure compliance with lender and investor requirements.
Examine supporting documents including Loan Estimates (LE) and Closing Disclosures (CD) for consistency, completeness, and compliance with TRID regulations.
Review credit reports to assess borrower creditworthiness, identify risk indicators, and ensure accurate application of underwriting guidelines.
Reviewed insurance declarations, Hazard and Flood binders and renewals for policy compliance, named insured accuracy, and replacement cost sufficiency.
Managed PMI analysis, validating borrower-paid or lender-paid coverage against MI company guidelines and LTV calculations.
Area of Expertise, Certifications and Tools: MS Office (Word, Excel & PowerPoint), Relationship Building, Strong Communication, Expertise in daily Audits and reporting.

Similar Profiles