• Commercial Appraisal Review Specialist

    ID
    2018-7144
    Job Locations
    US-NY-New York
    Category
    Lending
  • Overview

    First Republic is looking for an Appraisal Review Specialist to perform reviews of appraisals to support the Bank’s real estate lending operations. In this position, you will embody the Bank’s exceptional client service culture and use discretion and judgement to make decisions about the collateral for real estate loans. The position helps maintain the Bank’s safety and soundness and has a direct and important impact in operations. This is an excellent opportunity to grow your career, learn about complex properties, and contribute to a growing business unit that has a direct impact on the Bank’s performance.

    Responsibilities

    Employees are expected to review and analyze and render decisions for the acceptance of appraisal valuations.  Appraisal reviews are to be completed to Bank’s minimum appraisal and evaluation standards and all appropriate regulatory guidelines.  Other duties may be required and assigned.

     

    • Perform detailed technical and compliance reviews on real estate appraisals and evaluations.
    • Ensure that valuations are reasonably supported, credible and compliant with federal and state regulations, USPAP, FIRREA, bank policies and guidelines, and industry standards.
    • Communicate with appraisers for any report corrections and/or revisions.
    • Evaluate appraiser quality of work and feedback for maintenance of the Bank’s appraisal panel.
    • Engage in regular communications and serve as an advisor to Relationship Managers and Executive Loan Committee on appraisal topics in the Bank’s core markets.
    • Keep detailed schedules of appraisal/evaluation reports received and reviewed.
    • Provide support to all areas of real estate lending as directed or where service is needed; demonstrate superior customer service with appropriate follow through with involved appraisers and employees.
    • Attend ongoing training for Real Estate Appraisal and Real Estate Appraisal Reviews.

    Qualifications

    Qualifications: In order to perform the duties of the position, the following knowledge, skills, and abilities are essential for the Appraisal Review Specialist:

    • Associates or Bachelor’s degree in accounting, finance, economics or related field.
    • Two (2) years of experience in mortgage operations, underwriting, or appraisal review.
    • Familiarity with Real Estate Appraisal Report Forms and Terminology and the appropriate application of appraisal valuation techniques, appraisal methodology and understanding of appraisal theory.
    • Knowledge of mortgage operations.
    • Ability to follow the Bank’s policies and procedures as well as all state and federal banking regulations.
    • Attention to detail for the identification of Errors and Omissions.
    • Ability to deal with difficult problems involving multiple facets and variables in non-standardized situations.
    • Must be able to successfully prioritize work assignments of varying complexities, track progress of said assignments, demonstrate strong organizational skills and complete work within established deadlines.
    • Software proficiency in Microsoft Office Suite and Outlook.
    • Ability to work the allocated hours of the position.
    • Ability to establish and maintain effective and professional working relationships.
    • Ability to communicate clearly and concisely in both written and verbal form.
    • Ability to prepare and maintain accurate and concise records and reports.
    • Ability to maintain confidentiality.
    • Ability to independently lift 15 lbs.
    • Position requires sitting for most of the day, but may involve walking or standing for brief periods of time.

    Other Requirements:

    • Must successfully pass criminal background check.
    • Must successfully pass credit background check.

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