In-house Bank Appraiser
Job Description
Summary
This position is responsible for working closely with in-house lenders to request appraisals for commercial, consumer, and mortgage loans and to ensure that the appraisals are requested and received in a timely manner and according to all required receipt of these appraisals, the In-House Appraiser will complete a review of the appraisal and complete a checklist to ensure the document meets all required standards.
Essential Duties and Responsibilities
include the following: Other duties may be assigned as necessary.
Order and review residential and commercial appraisals. Conduct follow-up with appraisers to insure timely turnaround.
Review residential and commercial appraisals in detail, completing applicable checklists, identifying areas of concern, and communicating with loan officers/originators.
Review Fannie Mae’s UCDP results, research appraisals identified with high-risk ratings and maintain proficiency in using Fannie Mae’s Collateral Underwriter software
Maintain the Bank’s appraisal tracking programs, monitoring timing of appraisals and appraiser usage.
Provide property evaluations/assessments and comparable property values for consumer and commercial real estate secured loans.
Maintain knowledge of regulations affecting collateral for real estate secured loans.
Monitor and maintain evaluations and appraisals for non-performing loans and OREO properties.
Take photos of properties securing consumer, mortgage, and commercial loans, including delinquent and non-performing loans.
The ability to multitask and work under time constraints with accuracy is necessary.
Understand and support all BSA/AML responsibilities as applicable to the position as well as consistently, accurately, and timely carry out these responsibilities in compliance with the Bank’s internal policies.
Various other duties as they arise within the department.
Supervisory Responsibilities
None
Qualifications
To perform this job successfully, an individual must be able to perform each essential duty requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Education and/or Experience
Bachelor's degree from four-year college or university and two years related lending or real estate experience and/or training; or equivalent combination of education and experience.
Language Skills
Ability to read, analyze, and interpret financial reports and legal documents. Ability to respond to common inquiries or complaints from customers, regulatory agencies, or members of the business community. Ability to effectively present information to management, public groups, and/or board of directors.
Business Writing Skills
Ability to convert financial reports and statements in various forms into concise business terminology.
Mathematical Skills
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, etc.
Reasoning Ability
Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables.
Physical Demands
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to sit and talk or hear. The employee is required to stand; walk; use hands and fingers to operate office equipment; reach with hands and arms; and stoop, kneel, crouch, or crawl. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus.
Work Environment
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The noise level in the work environment is usually Opportunity Employer, including disability and protected veteran status.