Job Description

Position Summary

The Appraisal Coordinator will be responsible for ordering and reviewing valuations for consumer and commercial real estate loans and renewals. This may include appraisals ordered and completed by our appraisal management company or directly from an independent appraiser.  The Appraisal Coordinator is also responsible for completing the appraisal review checklist(s) and communicating with all internal stakeholders.

Essential Duties and Responsibilities  (Other duties may be assigned.)

• Knowledge of relevant regulatory considerations and adhering to requirements set by applicable and relevant agencies for a complete appraisal
• Ordering and monitoring valuations in accordance with bank policy and relevant regulatory obligations
• Inquiring and monitoring quotes on appraisal orders, compliance fulfillment and delivery of appraisals within established timeframes
• Monitoring appraisals for utilization of reasonable and best use analysis, comparable sales and adjustments, as applicable or relevant
• Monitoring appraisals for any potential issues with the model valuation and assumptions of the appraisal
• Responsible for providing borrower(s) a copy of the appraisal in accordance with regulatory obligations
• Responsible for the process of appraisal receipts, invoice payments and reconciling related general ledger accounts
• Maintaining and updating the internal approved appraiser list
• Maintaining files for approved appraisers to include obtaining updated license and insurance information
• May be requested to assist in the support of other bank activities
  

Qualifications

• Bachelor’s degree, or at least 3 years of related experience, or an equivalent combination of education and experience.
• 3-5 Years’ Experience with appraisals, preferred
• Proven problem-solving, critical thinking, and analytical skills.  Ability to interpret a variety of information furnished in written, oral, diagram, or schedule form.
• Strong organizational and time management skills.  Ability to prioritize.
• Ability to analyze processes for efficiency and/or improvements.
• Ability to compute basic to moderately complex math calculations.
• Excellent customer service and interpersonal skills
• Proficiency in using personal computers and office products (e.g., Word, Excel, Powerpoint); Experience with Excel is a must.

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