Appraisal Specialist
JOB DESCRIPTION
Summary/Objective
Responsible for ensuring the independence of the valuation and review processes for real estate securing commercial loans. Coordinates the ordering and review functions for all third-party vendors associated with these processes.
Essential Functions
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- Assist with the Bank’s valuation and environmental operations.
- Maintain and report data required by regulatory standards and Bank policy.
- Serve as the primary point of contact and coordinator for external valuation and review vendors.
- Ensure valuation and review assignments are ordered, tracked, and completed in a timely manner and in accordance with Bank policy.
- Communicate effectively with appropriate parties, including Underwriters, Relationship Managers, and Loan Operations, regarding the status of valuation and review assignments to support projected settlement dates.
- Address issues, problems, or concerns directly, or escalate them to management for resolution when appropriate.
- Coordinate the payment process for valuations and reviews.
- Maintain reporting, as needed, for Commercial Banking Executives and Executive Management.
Other Duties
- Perform other duties as assigned.
Skills/Abilities
- Must possess an understanding of the principles established by the Uniform Standards of Professional Appraisal Practice (USPAP), the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA), the Dodd-Frank Act, and the Bank’s Appraisal/Environmental Policy.
- Proficient with computers, with strong critical thinking and problem-solving skills.
- Strong verbal and written communication skills.
- Highly organized and detail-oriented.
- Ability to manage a high volume of work, multitask effectively, and collaborate closely with management.
- Ability to learn and remain current on appraisal regulations, compliance requirements, and Bank policies.
- Working knowledge of the Microsoft Office suite.
Supervisory Responsibility
This position does not have supervisory responsibilities.
Work Environment
This job operates in an office setting, the opportunity to telework is not available. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines. Office environment with job duties conducted via telephone, face to face meetings, and on the computer.
Physical Demands
This position requires manual dexterity and the ability to lift files and open cabinets. It also requires bending, stooping, and standing as needed.
Travel
Travel may be required in this position.
Education and Experience
- Two years of experience in an office role requiring strong organizational, multitasking, and follow-through skills. Experience in bank loan operations or a real estate-related environment is preferred.
- An associate degree or college-level coursework in a related field, such as finance, business, or real estate, is preferred.
- Working knowledge of the Microsoft Office suite.
For Applicants located in Northern Viriginia (VA): The anticipated salary range for this position is $29.00 - $35.00 per hour.
For Applicants from all other locations: The salary will be based on experience, qualifications, and geographic location.
The ranges listed for Viriginia represent the good-faith compensation the Company reasonably expects to pay for the position at the time of posting. Actual compensation will be determined based on factors including, but not limited to, the candidate's skills, qualifications, experience, education, certifications, internal equity, and business needs. This position may also be eligible for additional compensation, such as bonuses or incentive pay, where applicable.
Equal Employment Opportunity/M/F/disability/protected veteran status
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.
Equal employment opportunity, including veterans and individuals with disabilities.
PI285602462
