Appraiser I

INTERNATIONAL BANK OF COMMERCE

Laredo (TX)

On-site

USD 60,000 - 80,000

Full time

10 days ago

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Benefits offered by this job

Medical Plan

Employer Paid Life Insurance

Flexible Spending Program

401k

Profit Sharing Program

Vision (supplemental)

Dental

Disability

Tuition Assistance Program

Sick Leave

Vacation

Paid Holidays

Job summary

IBC Bank, based in Texas, is seeking an Appraisal Review Analyst to ensure compliant real estate valuations and timely reviews. The role interfaces with appraisers, underwriters, and reviewers to process appraisal reviews and monitor loan renewals in a fast-paced bank environment.

Responsibilities include writing results, resolving complex appraisal issues, and maintaining regulatory compliance with FIERRA and USPSP.

Qualifications

Bachelor's degree in Finance, Real Estate, or Accounting, or equivalent appraisal experience.
Preferred 1 year of related mortgage or appraisal experience.
Ability to analyze data, draw sound conclusions, and summarize results.
Detail oriented with fast-paced, accurate work expectations.
Strong written and verbal communication skills for interacting with appraisers and vendors.

Responsibilities

Communicate with Appraisers, Underwriters, and Reviewers to process appraisal reviews.
Proactively monitor status of loan renewals.
Communicate appraisal review results in writing.
Assist in solving complex appraisal issues and explain results to clients.
Ensure compliance with internal policies and applicable laws including FIERRA and USPSP.
Report procedures not meeting regulatory requirements to management.
Coordinate and maintain records of the resolution process.
Coordinate third-party vendors for appraisal ordering, valuation, and review.
Maintain adequate timing, quality, and service levels with vendors and internal processes.

Skills

Microsoft Office

Verbal Communication

Written Communication

Mathematical

Analytical Thinking

Regulatory compliance

Real Estate Appraisal theory

Vendor coordination

Attention to detail

Fast-paced work

Education

Bachelor's Degree in Finance/Real Estate/Accounting

Mortgage/Appraisal experience preferred

Tools

Office Equipment

Job description

IBC Bank successes are the result of an aggressive and innovative attitude. The Bank's "We Do More" philosophy reflects its dedication to the growth and success of its employees, customers and communities.

IBC bank hires talented, creative and dedicated individuals to help our business succeed. We are a company that values leadership, community engagement and relationship building that leads to a culture of excellence.

We are currently seeking to fill positions across all business segments. IBC's focus is to be customer centric and strive to provide excellent customer experience.

Time Type: Full time

This is an in-office position.

Department: 201 Corporate Appraisals

Job Summary

The Appraisal Review Analyst is responsible for insuring that appropriate real estate valuations are obtained and reviewed in compliance with Federal Regulations and Bank lending Polices.

Job Description

ESSENTIAL JOB FUNCTIONS

Communication with Appraisers, Underwriters, and Reviewers to process all Appraisal Reviews.
Proactively monitor status of all loan renewals.
Effectively communicate in writing the result of each appraisal review.
Assist to solve complex appraisal issues and have ability to communicate results to the client.
Assists Lending Officers, Credit Managers, and Credit Analysts with questions regarding Real Estate Appraisal and Evaluation ordering and review policies and procedures.
Ensure the operation and full compliance with internal policies and procedures as well as applicable regulations and laws, including but not limited to FIERRA and USPSP requirements.
Responsible to report any procedure or process that doesn't meet regulatory requirements including fraud, whether suspected or confirmed, to management. This reporting can be done directly to any member of management, including Corporate Credit Manager or Sr. Lending Staff.
Adherence to Company policy and procedures is required Perform duties in accordance with the Vision & Values of International Bank of Commerce.
Basic math and reading skills, and attention to detail
Use of basic office equipment (e.g., photocopier, voice mail, "fax" machine, calculator, multiple line telephones, typewriter, computers etc)
Represent the organization in a professional and positive manner.
Maintain credit exception approval percentages within corporate approved guidelines.
Review appraisal report and supplemental documentation to determine accuracy of report.
Identify appraisals where value conclusions differ and coordinate the process of reconciliation.
Coordinate the communication process between various vendors to facilitate final resolution.
Maintain detailed records of the resolution process.
Communicate with Internal and external customers to explain appraisal product findings.
Coach vendors regarding appraisal practices and technical issues including policy, procedure change and regulatory compliance.
Coordinate and monitor any third-party vendors contracted to fulfill the real estate appraisal ordering, valuation, and review requirements of the bank.
Ensuring that adequate timing, quality, and service levels are maintained by those third-party vendors and the bank's internal processes.
Assist in the ordering, review, and quality control of real estate appraisals and evaluations, as needed based on transaction volumes.
Answer questions from appraisers, Credit Administration, Internal Compliance, and Federal Regulators regarding the Bank's Consumer Appraisal Policies and Procedures.

Daily SKILLS

Microsoft Office
Verbal Communication
Written Communication
Mathematical
Operate Office Equipment
Analytical Communication
Strong critical thinking and problem-solving skills
Regulatory compliance
Real Estate Appraisal Theory and Application
Ability to grasp new technology and computer applications quickly
Strong written and oral communication skills
Comfortable working at a fast pace

EDUCATION

Bachelor's Degree (Finance, Real Estate, Accounting) or equivalent combination of education and appraisal experience.
Preferred 1 year of related experience with a mortgage and/or appraisal company.
Ability to analyze data, draw sound conclusions and summarize results.
Detail oriented and self-motivated.
Must be able to work in a fast paced, accurate environment.
Must have good communication skills, both written and verbal, and must be able to deliver a clear and understandable message to a variety of audiences including appraisers, vendors, and operational staff.
Good organizational skills with the ability to multi task, prioritize and follow up.

IBC Bank was founded in 1966 to meet the needs of small businesses in Laredo, Texas. The bank's success is a result of an aggressive and innovative attitude. The Bank's "We Do More" philosophy reflects it's dedication to the growth and success of it's employees, customers and communities. Our commitment to "Do More" for the communities we serve permeates our company from top down. The success of IBC and it's 50 consecutive years of growth and profitability are due to strong leadership, customer centric business philosophy and our motto of "Doing More" in our communities.

Benefits