Real Estate Appraisal Coordinator

Dieterich Bank•Effingham, IL

About The Position

Dieterich Bank is seeking an Appraisal Coordinator to join our team in Effingham, IL! The Appraisal Coordinator is responsible for facilitating the day-to-day operations of the Appraisal Department to ensure efficient workflow. The position will include ordering and reviewing commercial and residential real estate appraisals and performing evaluations and validations as needed About Us: Dieterich Bank has approximately $1.5 billion in assets with 16 locations in South Central Illinois and the Metro East region, as well as a loan production office in South County, St. Louis. At Dieterich Bank, we're not just about banking - we're about building relationships and enhancing lives. Voted one of the best places to work in Illinois for seven consecutive years, we understand the importance of a fulfilling career that aligns with your values and commitments outside of work. That's why we're dedicated to providing a supportive, family-friendly environment where work-life balance is more than just a phrase - it's a reality.

Requirements

Associate's Degree in business, management, or a related field or equivalent experience
2+ years of experience in the following areas preferred: Appraisal department or firm Real estate lending (commercial and residential) Real estate sales, broker, or investor
Equivalent combination of education and work-related experience

Responsibilities

Manage the Appraisal Inbox and maintain an appraisal and evaluation order log.
Adhere to all applicable laws and regulations, including compliance with all appraisal and environmental rules and related regulations.
Assist the Appraisal Review Manager in the ordering of appraisal reports and draft appraisal engagement letters.
Provide updates to appraisers and Bank personnel on the status of assignments.
Communicate requirements effectively to external fee appraisers and external environmental engineering firms.
Perform administrative reviews of commercial and residential real estate appraisals reports for compliance with law and policy and for reasonableness and quality.
Maintain effective relationships with external fee appraisers and other vendors.
Conduct preliminary market research and gather property-specific data for appraisal and evaluation orders.
Perform real estate evaluations and validations.
Resolve valuation differences/discrepancies between appraisers and loan production staff while maintaining Appraiser Independence.
Maintain knowledge of real estate value trends and property developments to ensure valuations conform to current market conditions.
Update the Bank's Approved Appraiser list on a regular basis.
Remain up to date on regulations and knowledge surrounding the appraisal industry through continuing research, training, and development.