First Republic is an ultra-high-touch bank that provides extraordinary client service. We believe that one-on-one interactions build lasting relationships. We move quickly to serve our clients’ needs so that their financial transactions are handled with ease and efficiency. Client trust and security are paramount in our line of business. Ultimately, our goal is unsurpassed client satisfaction which will lead to personal referrals – our number one source of new business.
We recognize that our competitive advantage starts with our people and our culture. At First Republic, we work hard and move quickly as a very coordinated team. If you are looking for an opportunity to grow and contribute in a fun, fast-paced environment, First Republic is the place for you. We have exceptional people focused on providing extraordinary service.
Responsible for oversight of the Bank’s commercial and residential real estate appraisal and evaluation processes to ensure valuation accuracy and legal/regulatory adequacy of all real estate appraisals. Embody the Bank’s exceptional client service culture by establishing risk-differentiated policies and processes that ensure timely delivery of appraisal decisions. Embrace the Bank’s minimal appetite for credit risk, understanding that the best clients expect the best service and responsiveness. Serve as a collaborative partner to others within the Bank including Relationship Managers, Executive Loan Committee members, and Loan Servicing/Operations personnel. Position is based in San Francisco and reports dually to the Chief Operating Officer and the Chief Risk Officer.
Skills, Knowledge and Abilities:
Minimum of 15 years proven experience in managing bank real estate appraisal processes in roles of increasing responsibility through multiple credit cycles.
Strong expertise in residential and commercial properties including very high end luxury residential.
Expertise in federal and state banking appraisal laws and regulations. Ability and willingness to quickly develop expertise in state laws and regulations in all states in which the Bank conducts business. Advanced knowledge of the Uniform Standards of Professional Appraisal Practice (USPAP), FIRREA and Interagency Guidelines and GSE guidelines (e.g. FNMA, FHLMC, etc.). Must be able to interpret and explain standards and guidelines to appraisal team colleagues, relationship managers, executive loan committee members and, where necessary, Bank clients directly.
Strong familiarity with other bank regulations including: Regulation Z (Truth in Lending Act), Regulation B (Equal Credit Opportunity Act), Fair Housing Act (FHA), Home Mortgage Disclosure Act (HMDA), Real Estate Settlement Procedures Act (RESPA), Fair Credit Reporting Act (FCRA), Bank Secrecy Act (BSA) in conjunction with the USA PATRIOT Act, Anti-Money Laundering (AML) and Customer Information Program (CIP), Right to Financial Privacy Act (RFPA, state and federal) and Community Reinvestment Act (CRA).
Successful history of managing appraisal team personnel including performance management.
Exceptional oral and written communication skills.
Adept in use of core technical tools including Microsoft Office (Word, Excel, PowerPoint, Outlook), Bank loan underwriting and servicing systems and web-based interface with appraisal processes.
Education, Experience and/or Licenses:
Bachelor's Degree from an accredited College or University
MAI designation preferred
California State Real Estate Appraiser Certification or License required.