OEV Specialist

Position Overview The OEV Specialist is responsible for evaluating and validating property values based on owner-provided estimates and supporting data to inform lending decisions. This role plays a key part in the credit underwriting and risk assessment process by ensuring property valuations are reasonable, well-supported, and aligned with market conditions. The ideal candidate combines real estate knowledge, analytical skills, and attention to detail to assess valuation accuracy, identify potential risks, and support high-quality lending outcomes. Key Responsibilities Review and assess Owner’s Estimated Value (OEV) submissions for residential or commercial real estate loan applications Analyze supporting documentation such as comparable sales (comps), market trends, tax assessments, and property condition data Validate property values using internal tools, AVMs (Automated Valuation Models), broker price opinions (BPOs), and third-party valuation sources Identify inconsistencies, valuation risks, or potential over/understatements and escalate as needed Partner with underwriting, appraisal review, credit risk, and collateral teams to support loan decisioning Document findings and maintain clear audit trails in loan origination or credit systems Ensure compliance with regulatory guidelines (e.g., FIRREA, USPAP) and internal valuation policies Support collateral risk management by recommending when full appraisals or additional reviews are required Monitor real estate market trends to inform valuation assessments Meet service level agreements (SLAs) for turnaround time and quality standards