Consumer Chief Real Estate Appraiser

Fifth Third Bank

2d•Remote

About The Position

Make banking a Fifth Third better® We connect great people to great opportunities. Are you ready to take the next step? Discover a career in banking at Fifth Third Bank. GENERAL FUNCTION: Ensure Bancorp residential collateral policies are compliant with all federal and investor appraisal and evaluation regulations and requirements. Challenge first line of defense consumer residential appraisal and evaluation strategies. Responsible for implementation of planning, organizing, staffing and directing the efforts of the second line of defense (2LOD) residential lending appraisal group (RLAG). Develop relationships with staff, other departments and individuals within the Bancorp that encourages participation, teamwork, respect, a work culture of equity and inclusion, effective relationships and appropriate use of resources. Exercise independent expert judgment and discretion. Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues. Ensures that actions and behaviors consider the impact to the customer experience and align with regulatory requirements. While operating within the Bank’s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

Requirements

Active Certified or General Real Estate Appraisal License.
Minimum 10 years Residential Appraisal review experience.
Minimum 10 years Residential Real Estate experience.
Analytical and communication skills required.
Excellent analytical, verbal, and written communications skills with strong attention to detail.
Proficiency with Microsoft Office software including Word, Excel, Power Point, etc.
Strong leadership, interpersonal and collaboration skills.

Nice To Haves

Broad knowledge of You Connect, Real EC, GAAR, and FNC/CMS a plus.

Responsibilities

Determine and maintain appropriate staffing levels.
Perform tasks related to supervision of RLAG staff and their daily operations. This includes but is not limited to prioritizing workloads, promoting teamwork, ensuring adequate work coverage during absences and vacancies. Ensuring work is distributed equitably and supports high productivity. Providing coaching, education and career development of staff and implementation of succession plans.
Implement second line of defense policies and procedures in accordance with state and federal laws and investor requirements.
Identifying problems hindering progress towards goals and objectives; recommends solutions or seeks advice as appropriate; and implements corrective action as directed.
Provide oversight and challenge of the line of business collateral valuation assessment process and program modifications.
Challenging standards, methods and techniques used in real property appraisals/valuations to ensure conformation with laws, regulations, investor and bank requirements as well as ensuring consistency, accuracy and uniformity in the process.
Challenge (either directly or through managed staff) the contents of appraisal reports and achieve changes to such reports as required through 2nd line of defense oversight of LOB or communication with AMC/appraisers.
Ensure FTB Appraiser Exclusionary list is maintained and regularly reviewed by RLAG staff.
Provide oversight and challenge of LOB training on the appraisal function.
Remain current on applicable regulations and communicate changes to appropriate staff.
Provide support to appraisal vendor management as needed.
Ensure alternative valuations meet regulatory and Bancorp guideline standards.
Responsible for oversight and challenge of AVM business rules.
Review and challenge all line of business collateral
Assist the LOB in the assessment of repurchase demands for collateral valuation issues.
Maintain membership in professional organizations in order to remain current on trends in the industry and remain current on USPAP, FIRREA, regulatory issues, etc.
Performs work/participates in special projects or line of business strategy projects as directed.
Responsible for providing employees timely, candid and constructive performance feedback; developing employees to their fullest potential and provide challenging opportunities that enhance employee career growth.