What are the responsibilities and job description for the Senior Commercial Review Appraiser position at Seacoast Bank?
JOB SUMMARY:The collateral valuation function is an integral component of the underwriting and lending processes for loans secured by commercial or residential real estate. The Senior Commercial Appraisal Reviewer is responsible for review of real estate valuation services in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP), other federal regulatory requirements, and Seacoast Bank Policy to support the bank’s real estate lending activities requirements, as well as completing verbal and written communication with bank officers and fee appraisers pertaining to appraisal review, report corrections, completion status and general appraisal information. The position may also coordinate with appraisal procurement personnel to carry out the responsibilities of the department.ESSENTIAL DUTIES AND RESPONSIBILITIES:Perform compliance or technical reviews of commercial and residential real estate appraisals to provide conclusions on acceptability and ensure requirements meet internal credit processes.Maintain thorough and up-to-date knowledge of all guidelines, products and systems that are pertinent to the appraisal and the loan review process.Advocate for the bank to ensure quality appraisal reports are being provided by the appraisers.Meet or exceed all key performance indicators including quality, turn time and production to ensure departmental and Bank success.Manage and prioritize caseload of pending and active appraisal reviews.Complete continuing education in order to maintain state licensure and remain current on valuation industry issues.Serve as a decision maker in matters related to real estate valuation, appraisal regulations and guidelines, valuation dispute resolution, appraisal policy and related due diligence. Would seek support and corroboration with the bank’s Chief Appraiser and other staff members.Contribute to the administration and management of the list of approved third party valuation service providers including monitoring of ongoing performance and the addition or removal of such service providers through documented procedures.Develop a working knowledge of the real estate markets in all locations where the bank has loan exposure.Serves as an expert resource on real estate appraisal policies, general questions, and regulatory compliance to lending associates, credit risk associates, and management regarding appraisal and environmental policies, processes, and regulations.Develop tools such as checklists and reference guides to assist staff in complying with the appraisal requirements. Develop education material on subjects related to real estate appraisal and review, developing lesson plans and other educational tools. Provides guidance to Bank committees and project teams.Assist in the development and implementation of policy changes to comply with regulatory requirements. Provide senior and executive management with support in developing and implementing the Bank’s real estate appraisal policy to meet regulatory requirements as set forth in the USPAP, IAEG, FIRREA regulations, and FDIC/OTS guidance.Adhere to Seacoast Bank’s Code of Conduct.EDUCATION and/or EXPERIENCE: Active State-Certified General Real Estate Appraisal Credential required.MAI, SRA or AI-GRS (Appraisal Institute – General Review Specialist) preferred.5 years of progressive, related experience; valuation services at a financial institution is preferred.Comprehensive knowledge of appraisal regulatory requirements and standards including, but not limited to, FIRREA, USPAP, Interagency Appraisal and Evaluation Guidelines, and GSE Appraiser Independence Requirements.An in-depth working knowledge of valuation theory and methodology for commercial and/or residential appraisalsAble to work collaboratively and be decisive about the acceptance of appraisal due diligence.Able to write concise technical opinions in language comprehensible to expert and layman alike.Experience, skill and capability to understand the risk profile of real estate transactions.Work independently and under pressure, handling multiple assignments simultaneously to meet deadlines.Possess strong communication (verbal and written) and interpersonal skills to deal with a variety of interactions among appraisers, associates and borrowers, including effective communication of decisions and negotiations.Strong relationship builder that develops trust both within and outside the Bank.Proficient in business computer applications, including those commonly used in the appraisal industry.The Statements above are intended to describe the general nature and level of work being performed by people assigned to this position. They are not intended to be an exhaustive list of responsibilities, duties, and skills. Because these statements are general, the job description is used for a variety of purposes including job evaluations; performance reviews; recruitment; etc. All Associates are required to adhere to the highest legal and ethical standards applicable to our industry. It is the policy of Seacoast Bank that all Associates will be familiar and compliant with all regulatory, legal, ethical and Bank risk mitigation requirements pertaining to both our industry and their individual roles. This includes the on time, successful completion of annual required training post-hire and effective execution of role responsibilities.