Residential Appraisal Reviewer

Job Summary:
The collateral valuation function is an integral component of the underwriting and lending processes for loans secured by residential real estate. The Residential Appraisal Reviewer is responsible for review of real estate valuation services (appraisals and evaluations) in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP), other federal regulatory requirements, and Seacoast Bank Policy to support the bank's real estate lending activities requirements, as well as completing verbal and written communication with bank officers and third party valuation specialists pertaining to valuation review, report corrections, completion status and general appraisal information. The position may also coordinate with appraisal procurement personnel to carry out the responsibilities of the department.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Perform compliance reviews of residential real estate appraisals to provide conclusions on acceptability and ensure requirement meet internal credit processes.
• Knowledge of and adherence to real estate appraisal policies for residential real estate loans consistent with regulatory guidelines, industry standards and bank policies.
• Maintain thorough and up-to-date knowledge of all guidelines, products and systems that are pertinent to the appraisal and the loan review process.
• Advocate for the bank to ensure quality appraisal or evaluation reports are being provided by the appraisers.
• Manage and prioritize caseload of pending and active appraisal or evaluation reviews.
• Document conclusions in appropriate bank valuation tracking systems with an accurate assessment of the valuation review.
• Meet or exceed all key performance indicators including quality, turn time and production to ensure departmental and Bank success.
• When necessary, conduct research and analysis on collateral utilizing real estate expertise, internal and external valuation sources as well as agency and investor guidelines.
• Compose letters to communicate questions or inadequacies to the appraiser or evaluator that were identified through the review process.
• Respond to valuation challenges/questions and forward the challenges/questions or additional comparables to the appraiser/evaluator that are provided by interested parties. Determine the reasonableness of the appraiser's response and make a final decision on any actions that are or are not required in accordance with department and company policies.
• Communicate with the processers and underwriters in the Mtg Ops Department in order to keep them apprised of any potential issues that may affect the loan.
• Recommend appraisers to be added or deleted from the approved appraiser list based on documented procedures.
• Complete valuation training/ continuing education in order to remain current on valuation and industry issues.
• Function in a team environment.
• Adhere to Seacoast Bank's Code of Conduct.

EDUCATION and/or EXPERIENCE:

• A minimum of 3 years of Valuation, Lending, Credit, or Underwriting experience in a financial services environment
• Knowledge in the valuation and review of single family, two to four family income properties, condominium, mobile home, cooperative ownership, vacant land and high-end residential properties
• A working knowledge of appraisal regulatory requirements and standards including, but not limited to, FIRREA, USPAP, Interagency Appraisal and Evaluation Guidelines, GSE Appraiser Independence Requirements, Freddie Mac and Fannie Mae Selling and Servicing Guides.
• Experience, skill and capability to understand the risk profile of real estate transactions.
• Excellent presentation and customer service skills with an emphasis on both written and oral communication
• Work independently and under pressure, handling multiple assignments simultaneously to meet deadlines.
• Be a resource for relationship managers by providing support and problem resolution.
• Computer skills including Microsoft Word, Excel, Outlook, Internet Explorer as well as proprietary appraisal ordering systems.

The Statements above are intended to describe the general nature and level of work being performed by people assigned to this position. They are not intended to be an exhaustive list of responsibilities, duties, and skills. Because these statements are general, the job description is used for a variety of purposes including job evaluations; performance reviews; recruitment; etc. All Associates are required to adhere to the highest legal and ethical standards applicable to our industry. It is the policy of Seacoast Bank that all Associates will be familiar and compliant with all regulatory, legal, ethical and Bank risk mitigation requirements pertaining to both our industry and their individual roles. This includes the on time, successful completion of annual required training post-hire and effective execution of role responsibilities.