Residential Real Estate Review Appraiser

Bangor Savings Bank•Portland, ME

7d•Onsite

About The Position

The Residential Real Estate Reviewer provides support, analysis, reviews, and compliance monitoring for all residential real estate valuation activities for loans secured by residential real estate. This role ensures compliance with FIRREA, Interagency and Investor Guidelines, USPAP, Bank and Investor policies, and state appraisal laws. The reviewer will ensure that value conclusions are logical, supportable, and appropriate for use by various bank teams. This position also offers the opportunity for sponsorship and training as an Appraisal Trainee, with the potential for further professional certification and licensure in residential and/or commercial real estate valuation.

Requirements

State-approved certification and licensing as a licensed or certified residential appraiser or as a certified general appraiser.
Must continue to meet and maintain state residential license continuing education requirements timely.
Must meet the Bank’s requirements for compliance and related continuing education as assigned in a timely basis.
Strong analytical and communication (both verbal and written) skills.
Attention to detail.
Ability to process, analyze, inquire, and act or react proactively and professionally.
A college degree or prior relevant experience is preferred but not required with direct or demonstrated experience and/or education in residential real estate valuation or similar residential real estate experience, accounting, administration, banking, lending, credit or financial analysis or similar experience or experience.
Must be able to work in a fast-paced environment with demonstrated ability to manage multiple, and sometimes, competing and complex tasks and demands while maintaining and delivering strong professionalism, collegiality, communication and customer experiences.
Ability to work, deliver and act with minimal to no supervision.
Must be open to coaching, feedback and continuous learning and improvement.
Prior experience with real estate (real estate brokerage, lending, real estate investment and/or credit/financial analysis) is helpful but not required.
Coursework in residential or commercial real estate valuation a definite plus.
Personal computer literacy required and necessary; especially Word and Excel, as well as the ability to effectively and efficiently learn the Bank’s systems including, but not limited to, ValuTrac, Encompass, investor systems, etc. as appropriate and required.
Excellent customer service skills required.
Adaptability/Flexibility – Adapts to change, is open to new ideas, takes on new challenges, handles challenges well, flexibility to meet changing business and market needs.
Integrity/Ethics – Deals with others in a professional, respectful and direct manner, maintains strict confidentiality and information security protocols, supports and actively exhibits our company values and proactively contributes to our teammates, partners, vendors, Bank and others.

Nice To Haves

In the absence of prior coursework in residential or commercial real estate valuation, must successfully participate in coursework, seminars and other training necessary to further professional competency in residential and commercial real estate valuation.
Prior experience with real estate (real estate brokerage, lending, real estate investment and/or credit/financial analysis) is helpful but not required.
Coursework in residential or commercial real estate valuation a definite plus.

Responsibilities

Ensure timely and accurate review, quality, compliance, and communication of residential appraisals from external vendors, following relevant standards and regulations.
Proactively contact appraisers and business partners by phone or other appropriate follow-up.
Ensure appraisals and evaluations are ordered from the most competent and efficient valuation vendor in the subject’s service area.
Utilize ValuTrac and/or other appraisal management systems to review, communicate, deliver valuations, evaluate appraisers, and accurately maintain information for residential appraisals and evaluations.
Upload reviewed and accepted residential appraisals to the appropriate bank valuation system for business partner and customer utilization.
Provide strong communication (written and verbal) and proactive service to line lenders, teammates, and management by coordinating and communicating with external appraisal and evaluation vendors.
Proactively resolve and communicate issues leading to a strong customer experience.
Assist in analyzing and maintaining the Real Estate Appraisal Department information and databases.
Provide internal market analysis of residential real estate transactions based on statistics and data from approved resources.
Assist in ensuring the Bank complies with bank regulations, regulatory requirements, and investor guidelines governing residential real estate valuations.
Interact professionally, collegially, and proactively with all constituents.
Conform to acceptable performance standards.
May perform additional duties as requested.