Appraiser Analyst I

IBOC•Laredo, TX

1d•Onsite

About The Position

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 The statements on this job description are intended to describe the general nature of level of work being performed by incumbents. They are not an exhaustive list of all responsibilities, duties, and skills required by all incumbents. 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

Requirements

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
Bachelor's Degree (Finance, Real Estate, Accounting) or equivalent combination of education and appraisal experience
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

Nice To Haves

Preferred 1 year of related experience with a mortgage and/or appraisal company

Responsibilities

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