Residential Appraisal Reviewer

Job Description

Job Summary:

The collateral valuation function is an integral component of the underwriting and lending processes for loans secured by residential real estate. The Senior Residential 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.Desired Skills and Experience:

Active State-Certified Residential Real Estate Appraisal Credential required

Professional designation preferred

5+ years of progressive, related experience; valuation services at a financial institution is preferred

Comprehensive knowledge in the valuation and review of single family, two to four family income properties, condominium, mobile home, cooperative ownership, vacant land and high-end residential properties

Comprehensive knowledge of appraisal regulatory requirements and standards including, but not limited to, FIRREA, USPAP, Interagency Appraisal and Evaluation Guidelines, GSE Appraiser Independence Requirements, Freddie Mac and Fannie Mae Selling and Servicing Guides

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

Able 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

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 industryEssential Job Functions:

Perform compliance or technical reviews of 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

Manage and prioritize caseload of pending and active appraisal reviews

Meet or exceed all key performance indicators including quality, turn time and production to ensure departmental and Bank success

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 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.

Complete continuing education in order to maintain state licensure and remain current on valuation industry issues

Provide education to lending associates, credit risk associates, and management regarding appraisal policies, processes, and regulations

Function in a team environmentWorking Conditions:

Extended working hours may be required as dictated by management and business needs.

May be required to sit/review information on a computer screen for long periods of time

May require repetitive motions of the hands and wrist related to writing and typing at an electronic keyboard

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 appraisals; recruitment; etc. All Associates are required to adhere to the highest legal and ethical standards applicable to our industry, while observing both the spirit and letter of all government regulations, laws and bank policies and procedures.

Full-time