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Senior Residential Appraisal Reviewer

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

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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

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