Job Summary:
Under limited supervision, uses extensive knowledge and skills obtained through formal education and/or work-related experience to act as the primary Residential Appraisal Reviewer. Provide detailed administrative and technical desk reviews of residential appraisal reports, provided by external appraisal vendors, according to FNMA, FHLMC, FHA, VA and client directives. Ensure quality and quantity guidelines are met and conclusions are accurate and/or appropriate. Analyze quantitative and qualitative data and render professional judgments based on USPAP and client guidelines. The residential review is a necessary process to insure consistency and compliance with RJ Bank Appraisal Policies in accordance with OCC regulations.
Essential Duties and Responsibilities:
• Perform appraisal reviews of complex 1-4 family residential real estate assigned by the Residential Appraisal Compliance Officer through the FNC/CMS system. Ensure consistency with Uniform Standards of Appraisal Practice, bank policies, and generally accepted appraisal standards.
• Determine if the appraisal adequately addresses a wide variety of issues that affect property values, such as size, location, market conditions, and physical property condition. External research through the FNC system, public records, and/or MLS data may be required to verify and support data and opinions within the appraisal and appraisal review.
• Report appraisal review results via an appraisal review form through the FNC/CMS system.
• Correspond with appraisers to address issues or discrepancies on appraisals raised by the line of business regarding specific appraisals, general appraisal practices, and Associated Bank Appraisal Policies.
• Coordinate and maintain open lines of communication with FNC and vendors concerning approved appraiser list and appraisal related issues. Recommend qualified additions or deletions from approved appraiser list.
• Collaborate with the Loan Specialist, Underwriters, Mortgage Consultants, and Credit Analysts to ensure overall appraisal compliance, independence, and valuation.
• Stay up to date on market trends and conditions.
• Performs other duties and responsibilities as assigned.
Knowledge, Skills, and Abilities:
Knowledge of:
• Types of real property, terms, types of ownership in real estate, deeds, mortgages, etc.
• Real Estate Appraisal Theory and Application.
Skill in:
• Data Analysis.
• Critical thinking, problem solving, creativity.
• Organizational skills, including a high level of accuracy and attention to detail.
• Effective oral and written communications sufficient to convey details on appraisals and processes.
• Word processing, spreadsheet and typing sufficient to produce spreadsheets with basic formulas and business form letters and memos.
• Operating standard office equipment and using required software applications.
Ability to:
• Recognize deficiencies in appraisals and evaluations reports as well as changes in market trends and conditions.
• Conduct analysis including basic math, competency with decimals and fractions.
• Analyze quantitative and qualitative data and render a professional judgment.
Educational/Previous Experience Requirements:
• Bachelor Degree in Finance, Accounting or related discipline and a minimum of five (5) years’ experience in real estate appraisal, real estate, or banking.
~or~
• An equivalent combination of education, training or experience
Licenses/Certifications:
• State Certified Real Estate Appraisal License or the ability to obtain one within 6 months of hire.
· Raymond James Bank is an EOE/AA and VEVRAA Federal Contractor
· Priority will be given to protected veterans
· EOE/AA: Female/Minorities/Disabled/Protected Veterans/LGBT
Job
Auditing & Compliance
Primary Location
US-FL-St. Petersburg-Saint Petersburg
Organization
RJ Bank
Schedule
Full-time
Shift
Day Job
Travel
Yes, 5 % of the Time
