What are the responsibilities and job description for the Real Estate Valuation Officer position at BANK OF MARIN?
Bank of Marin, voted by our employees as one of the “Best Places to Work” in the North Bay Business Journal fourteen years in a row, is looking for a Real Estate Valuation Officer to join our Real Estate Credit Admin team at either our corporate office in Novato or our office in Rancho Cordova.
The Real Estate Valuation Officer provides assistance and support to the functions of the Appraisal Department, which primarily includes the ordering and review of appraisals and preparation of evaluations for real estate secured credits. Communicates with external appraisers as well as internal lending personnel regarding appraisal orders, value decisions, and technical aspects of appraisal assignments.
Essential Job Functions:
- Perform the ordering, tracking, and receiving of appraisal reports for residential appraisal requests, including the writing, sending, and receiving of engagement letters; the processing of prepaid tickets; and updating of the Appraisal Log.
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Provide and review Automated Valuation Model (AVM) reports in support of consumer loan
requests. -
Assist, as needed, with the ordering, tracking, and receiving of appraisal reports for commercial
appraisal requests, as requested, including the writing, sending, and receiving of engagement letters; the processing of prepaid tickets and invoices; and updating of the Appraisal Log. - Assist with the receiving, processing, and distribution of appraisal supporting documents (e.g. leases, title reports, rent rolls, operating statements, flood certificates, etc.) for both residential and commercial appraisal requests.
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Conduct reviews of residential appraisal reports for SFR, condominium, and TIC properties, and
ensure that appraisal reports conform to the Uniform Standards of Professional Appraisal Practices (USPAP) and meet the minimum appraisal standards set forth in the Interagency Appraisal and Evaluation Guidelines. - Conduct reviews of commercial appraisal reports, which includes preparing a summary of salient facts from the reports, as requested, and ensure that appraisal reports conform to the Uniform Standards of Professional Appraisal Practices (USPAP) and meet the minimum appraisal standards set forth in the Interagency Appraisal and Evaluation Guidelines.
- Other related duties and projects as assigned.
Professional Experience: 2 – 4 years related experience and/or training.
Educational Experience: Associate’s degree (A.A.) or equivalent from two-year college or technical school; or equivalent combination of education and experience and/or training.
Additional Requirements:
- Strong understanding of basic real estate valuation methodologies and valuation approaches and analyses for both residential and commercial real estate.
- Basic understanding of accounting concepts (college coursework or equivalent work experience is desired).
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Strong computer skills including, at a minimum, Microsoft Word, Excel, and Outlook. Experience
with DocuSign is helpful. - Strong communication skills, with ability to quickly understand and communicate concepts both verbally and in written form.
- Be a team contributor as evidenced by positive attitude toward assisting others with job responsibilities as needed, and treatment of co-workers in a positive and respectful manner.
- Be able to acknowledge knowledge gaps and ability to receive and act on feedback in a positive manner.
- Present a positive and professional appearance/demeanor to both internal and external contacts including other bank employees, vendors, service providers, etc.
Preferred Certifications:
California Appraiser License (any level)
The Bank of Marin is a growing public company with career advancement opportunities. We offer competitive compensation and comprehensive benefit programs including medical, dental, vision, 401K, profit sharing and employee stock ownership plans, tuition reimbursement, and an employee volunteer program.
Bank of Marin is an equal opportunity employer. EOE AA M/F/Vet/Disability