Appraiser Analyst I

Job Summary

The Appraisal Review Analyst is responsible for insuring that appropriate real estate valuations are obtained and reviewed in compliance with Federal Regulations and Bank lending Polices.

Job Description

ESSENTIAL JOB FUNCTIONS The statements on this job description are intended to describe the general nature of level of work being performed by incumbents. They are not an exhaustive list of all responsibilities, duties, and skills required by all incumbents.

• Communication with Appraisers, Underwriters, and Reviewers to process all Appraisal Reviews.
• Proactively monitor status of all loan renewals.
• Effectively communicate in writing the result of each appraisal review.
• Assist to solve complex appraisal issues and have ability to communicate results to the client.
• Assists Lending Officers, Credit Managers, and Credit Analysts with questions regarding Real Estate Appraisal and Evaluation ordering and review policies and procedures.
• Ensure the operation and full compliance with internal policies and procedures as well as applicable regulations and laws, including but not limited to FIERRA and USPSP requirements.
• Responsible to report any procedure or process that doesn’t meet regulatory requirements including fraud, whether suspected or confirmed, to management. This reporting can be done directly to any member of management, including Corporate Credit Manager or Sr. Lending Staff.
• Adherence to Company policy and procedures is required
• Perform duties in accordance with the Vision & Values of International Bank of Commerce.
• Basic math and reading skills, and attention to detail
• Use of basic office equipment (e.g., photocopier, voice mail, "fax" machine, calculator, multiple line telephones, typewriter, computers etc.
• Represent the organization in a professional and positive manner.
• Maintain credit exception approval percentages within corporate approved guidelines
• Review appraisal report and supplemental documentation to determine accuracy of report
• Identify appraisals where value conclusions differ and coordinate the process of reconciliation
• Coordinate the communication process between various vendors to facilitate final resolution
• Maintain detailed records of the resolution process
• Communicate with Internal and external customers to explain appraisal product findings
• Coach vendors regarding appraisal practices and technical issues including policy, procedure change and regulatory compliance
• Coordinate and monitor any third-party vendors contracted to fulfill the real estate appraisal ordering, valuation, and review requirements of the bank. Ensuring that adequate timing, quality, and service levels are maintained by those third-party vendors and the bank's internal processes.
• Assist in the ordering, review, and quality control of real estate appraisals and evaluations, as needed based on transaction volumes.
• Answer questions from appraisers, Credit Administration, Internal Compliance, and Federal Regulators regarding the Bank's Consumer Appraisal Policies and Procedures Daily

SKILLS

• Microsoft Office
• Verbal Communication
• Written Communication
• Mathematical
• Operate Office Equipment
• Analytical
• Communication
• Strong critical thinking and problem-solving skills
• Regulatory compliance
• Real Estate Appraisal Theory and Application
• Ability to grasp new technology and computer applications quickly
• Strong written and oral communication skills
• Comfortable working at a fast pace

EDUCATION

• Bachelor's Degree (Finance, Real Estate, Accounting) or equivalent combination of education and appraisal experience
• Preferred 1 year of related experience with a mortgage and/or appraisal company
• Ability to analyze data, draw sound conclusions and summarize results
• Detail oriented and self-motivated
• Must be able to work in a fast paced, accurate environment
• Must have good communication skills, both written and verbal, and must be able to deliver a clear and understandable message to a variety of audiences including appraisers, vendors, and operational staff
• Good organizational skills with the ability to multi task, prioritize and follow up