||Appraisal Review Manager
Administers the appraisal process for the bank within an assigned territory that is in compliances with the bank’s policy and provisions of FIRREA, USPAP, TILA, Dodd Frank and other applicable regulations.
ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.
Supervises the Ordering and Review Process of real estate appraisals for commercial and special asset loans
Establishes and maintains a list of approved appraisers based on credentials, abilities, geographic location, and market specialties. Develops good working relationships with appraisers and lending staff
Obtains bids, defines timing, and negotiates prices for appraisal assignments
Reviews appraisals to confirm compliance and quality. Discuss with appraisers any shortcomings and obtain revised reports. Follow up to insure the timely receipt of the reports
Generates and gather data on the economic condition of the real estate market for the lending territories and reports to chief risk officer on changes that affect the lending process, collateral value, or market trends.
Completes internal valuations and supports value questions raised by credit, lending and special asset officers
Provides all support necessary to meet the regulatory requirement for appraisals.
Stays abreast of changes in regulatory requirements to insure overall compliance
Helps set and follow the appraisal policy set by the Board of the bank.
Keeps data and files report on appraisal activity, approve appraisal invoices for payment and review.
Exercises the usual authority of a manager concerning hiring, staffing, training, performance appraisals, promotions, salary recommendations and terminations. Provides leadership by example at all times through support and endorsement of bank policy. Potentially will manage one or more review appraisers and support staff.
Every employee is encouraged and managed to demonstrate: Integrity, Respect/Support, Commitment, Excellence, Stewardship, Leadership, and to represent the bank as an Ambassador.
CONTROL RELATED RESPONSIBILITIES
Become knowledgeable regarding the department's internal controls as outlined in the policies and procedures and comply with all control requirements.
Ability to comprehend and adhere to Federal and State banking regulations; Company policies and procedures; and, successfully participate in regulatory and Company training requirements via multiple and variable delivery methods.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
High School diploma or GED equivalent
College degree - with a business major preferred
5 to 10 year’s experience desired with bank credit, commercial real estate lending or commercial appraisal services of which 3 years was as a bank reviewer
Maintain a State-Certified General Real Estate Appraisal License in good standing in Tennessee
MAI designation or candidate preferred
Understanding of appraisal theory
Knowledge of interest rate theory as it applies to the appraisal process
Knowledge of the real estate development & construction
Appraisal experience in Knoxville, Mid Tennessee, and Eastern Tennessee areas
Strong computer ability
Experience with Argus cash flow software
Solid communication skills both verbal and written
Ability to organize a large volume of data
Maintain a valid driver’s license
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is regularly required to hear, speak and sit. This position regularly uses a computer (keyboard/mouse/screen) and telephone. The employee is frequently required to stand or walk. The employee is regularly required to use hands to finger, handle, or feel and reach with hands and arms. The employee must occasionally bend, lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision (computer work).
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Ability to work in internal and external conditions with varying temperatures.
Ability to travel to inspect collateral sites.
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