Appraisal Specialist

Burke & Herbert Bank & Trust • Alexandria, VA

5d • 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. 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.

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