Appraisal Specialist II - Northshore

SUMMARY

The Appraisal Specialist II will assist in monitoring all aspects of the Bank’s real estate appraisal and evaluation management program.  The role is responsible for some reporting and evaluations. Candidate will also take an active part as needed in the Bank’s Construction Inspection program.

ESSENTIAL DUTIES AND RESPONSIBILITIES

1. Assist Appraisal Manager and Department in maintaining appraisal/appraiser independence.
2. Assist with and coordinate as required in: reviewing and maintaining appraisal logs, receiving lender request, identifying & determining appropriate type report/value/review to be ordered. 
3. Review appraisal reports and prepare an appropriate review.
4. Prepare and/or review internal evaluations (IE) and internal review reports (IR).
5. Regulatory knowledge – must be able to understand, interpret, and apply federal regulations and internal credit policies related to reviewing of appraisals and evaluations.
6. Review appraisal reports for sufficient data and discussion of the analytical process to understand the conclusion of the report.
7. Review income analysis for appropriate deductions and discounts, verify mathematical calculations for correctness.
8. Look for obvious inconsistencies and errors throughout the appraisal report.
9. Ensure all departmental documents and activities are performed in compliance with applicable laws, regulations, policies, and procedures as applicable to this position, including completion of required compliance training.
10. Communicate with appraisers and various areas of the bank.
11. Review and prepare engagement and engage an approved appraiser per CBOT policy, appraiser communication, lender confirmation, prepare review form upon appraisal delivery, coordinate revisions as may be required, distribute appraisal, review, invoice etc. as required per AD procedures.
12. Maintain a thorough understanding of the AD procedures.
13. Adherence to the Bank’s BSA/AML policy and procedures, and professional ethical standards.
14. Compliance with any and all BSA/AML/CFT and Sanctions requirements set forth by Bank Policy and Procedure, including but not limited to timely completion of assigned training.

MINIMUM REQUIREMENTS

These specifications are guidelines based on the minimum experience required to perform the essential functions of the job.  Individual abilities may result in some deviation from these guidelines:

• Bachelor’s degree (BA) from an accredited college or university or equivalent experience.
• Minimum of 3 years real property valuation experience.
• Intermediate knowledge of commercial, construction, real estate loan processing.
• Basic knowledge of USPAP Guidelines