Commercial Appraiser, Sr

Umpqua Bank Corp-posted about 1 month ago

$100,000 - $150,000/Yr

Full-time • Mid Level

Onsite • Lake Oswego, OR

1,001-5,000 employees

Credit Intermediation and Related Activities

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Procures, engages, and reviews complex and non-complex commercial valuation products delivered to the bank to ensure compliance with USPAP, FIRREA, IAEG, and Columbia Bank policy. Communicates with partnering lines of business to address appraisal or collateral risk issues. Works closely with management to increase staff competency in all aspects of commercial appraisal. Assists in the mentoring of junior level staff. Provides subject matter expertise to address escalations and/or reconsiderations of appraisal concerns. Participates in the development of commercial appraisal bank policy and guidelines.

Procures bids and awards for commercial real estate appraisal vendor RFPs in the fulfillment of complex commercial valuation products utilized for the credit lending decision.
Reviews incoming complex valuation products for credible methodology and compliance with SOW, USPAP, FIRREA, IAEG, and bank policy.
Develops USPAP (compliance or technical) commercial appraisal and evaluation reviews to be utilized in the bank's credit lending and/or portfolio management decisions.
Assures compliance with Fair Lending Practices and Appraisal Independence.
Provides subject matter expertise on complex commercial appraisal methodology and appraisal regulatory requirements. Ability to communicate these requirements as applicable to address valuation questions from line of business partners and/or auditors.
May prepare FIRREA/USPAP compliant appraisals, appraisal validations, corrective appraisal reviews and/or evaluations for Columbia Bank.
Assists Special Assets and Credit Quality with impairment analysis for real estate secured credits, as needed.
Manage and prioritize work queue to meet turn-time deadlines. Triage workload with thoughtful consideration of loan level data. Meet or exceed review production goals in-line with department's benchmarks.
Maintains compliance with the department system of record and appraisal work file requirements
Assist in the development of valuation solutions based upon subject expertise, representing the department at a broader level.
Occasionally assist management with the overall operation of the valuation program and/or lead working group projects.
Mentors junior level appraisers and encourages increased competency in all aspects of commercial valuation.
Demonstrates compliance with all bank regulations for assigned job function and applies to designated job responsibilities - knowledge may be gained through coursework and on-the-job training. Keeps up to date on regulation changes.
Follows all Bank policies and procedures, compliance regulations, and completes all required annual or job-specific training.
Maintain a working knowledge of Bank's written policies and procedures regarding Bank Secrecy Act, Regulation CC, Regulation E, Bank Security and other regulations as applicable to this job description.
May be asked to coach, mentor, or train others and teach coursework as subject matter expert.
Actively learns, demonstrates, and fosters the Columbia corporate culture in all actions and words.
Takes personal initiative and is a positive example for others to emulate.
Embraces our vision to become "Business Bank of Choice"
May perform other duties as assigned.

Bachelor's degree in business or related field or the equivalent in education and experience required.
Active State Certified General License required
10+ years of relevant commercial appraisal review experience or combination of commercial appraisal review and appraisal field work required.
Strong multi-state experience reviewing commercial real estate appraisals.
Sound judgement and strong analytical problem-solving skills, and business acumen.
Advanced knowledge of appraisal policies, procedures, practices, and documentation.
Excellent written and verbal communication.
Ability to work at all levels of the organization and maintain mutually beneficial working relationships cross-functionally.
Computer and software proficiency including but not limited to Word, Excel, Outlook, PowerPoint, and other more specific appraisal related software applications and misc. data aggregators.
Advanced knowledge of USPAP, FIRREA, IAEG, and other federal real estate appraisal related regulations and how regulations apply to real world lending scenarios.
Ability to work independently making timely and sound decisions. Escalate collateral risk concerns swiftly and clearly.
Ability to present to small and large audiences when communicating collateral risk concerns or department/bank processes

Real estate property type specific expertise (Low Income Housing Tax Credit LIHTC, Special Purpose, etc.) and national review experience a plus
Ability to obtain and maintain additional appraisal licensing in multi states upon business unit request.

We offer a competitive total rewards package including base wages and comprehensive benefits.
The role may be eligible for performance-based incentive compensation and those details will be provided during the recruitment process.
We offer eligible associates comprehensive healthcare coverage (medical, dental, and vision plans), a 401(k)-retirement savings plan with employer match for qualifying associate contributions, an employee assistance program, life insurance, disability insurance, tuition assistance, mental health resources, identity theft protection, legal support, auto and home insurance, pet insurance, access to an online discount marketplace, and paid vacation, sick days, volunteer days, and holidays.
Benefit eligibility begins the first day of the month following the date of hire for associates who are regularly scheduled to work at least thirty hours weekly.

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