Appraisal Specialist

Burke & Herbert Bank & Trust • Alexandria, VA

6d • $29 - $35 • Onsite

About The Position

Responsible for ensuring the independence of the valuation and review processes for real estate securing commercial loans. Coordinates the ordering and review functions for all third-party vendors associated with these processes.

Requirements

• Must possess an understanding of the principles established by the Uniform Standards of Professional Appraisal Practice (USPAP), the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA), the Dodd-Frank Act, and the Bank’s Appraisal/Environmental Policy.
• Proficient with computers, with strong critical thinking and problem-solving skills.
• Strong verbal and written communication skills.
• Highly organized and detail-oriented.
• Ability to manage a high volume of work, multitask effectively, and collaborate closely with management.
• Ability to learn and remain current on appraisal regulations, compliance requirements, and Bank policies.
• Working knowledge of the Microsoft Office suite.
• Two years of experience in an office role requiring strong organizational, multitasking, and follow-through skills.

Nice To Haves

• Experience in bank loan operations or a real estate-related environment is preferred.
• An associate degree or college-level coursework in a related field, such as finance, business, or real estate, is preferred.

Responsibilities

• Assist with the Bank’s valuation and environmental operations.
• Maintain and report data required by regulatory standards and Bank policy.
• Serve as the primary point of contact and coordinator for external valuation and review vendors.
• Ensure valuation and review assignments are ordered, tracked, and completed in a timely manner and in accordance with Bank policy.
• Communicate effectively with appropriate parties, including Underwriters, Relationship Managers, and Loan Operations, regarding the status of valuation and review assignments to support projected settlement dates.
• Address issues, problems, or concerns directly, or escalate them to management for resolution when appropriate.
• Coordinate the payment process for valuations and reviews.
• Maintain reporting, as needed, for Commercial Banking Executives and Executive Management.
• Perform other duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree