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Bank Midwest · 4 weeks ago

Credit Risk - Review Appraiser

Colorado Springs, CO

Full-time

Onsite

Senior Level

5+ years exp

Bank Midwest is a company committed to equity, diversity, and inclusion, focusing on building strong relationships with their clients. As a Review Appraiser, you will be responsible for reviewing appraisals to ensure compliance with regulations and making sound recommendations related to risk management.

BankingFinancial Services

No H1B

Responsibilities

Utilize the Mercury Network for tracking residential real estate appraisals / evaluations

Review appraisals / evaluations to ensure compliance with USPAP and FIRREA, as well as reasonableness of concluded value(s)

Interact with others (associates, management, clients, and vendors in a professional and tactful manner including treating them with respect and consideration regardless of their status or position

Work independently to address issues relating to an appraisal and make sound recommendations to management as they relate to risk

Communicate appraisal conclusions verbally and in writing

Maintain current knowledge and consistent compliance with regulations and bank policies and procedures related to the position, including but not limited to Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) requirements

Ensure appraisal values are reasonable and supportable

Support sound Credit Risk Management practices by protecting the bank’s collateral position by helping to validate appropriate loan-to-values during the underwriting process

Qualification

State appraiser certificationUSPAP knowledgeFIRREA knowledgeReal estate valuationComputerized appraisal systemsAnalytical thinkingSelf-directedMathematical conceptsDocument interpretationTask managementEffective communication

Required

5+ Years of relevant work experience

Associates degree or related work experience may substitute for education

State appraiser certification / license in good standing (no disciplinary actions) in at least one of the bank's primary market areas (Colorado, Kansas and / or Missouri)

Preferred

7+ years of relevant work experience

Bachelor's degree, or equivalent related work experience

Proficient level of knowledge regarding the Uniform Standards of Professional Appraisal Practice (USPAP), FIRREA, and federal and state appraisal regulations

Prior experience with a computerized real estate appraisal ordering / tracking system

Proficient level of understanding regarding real estate valuation principles and procedures

Prior bank experience

Must be self-directed

Must be able to communicate effectively with associates, management, clients, and vendors

Ability to think analytically and apply critical thinking skills to issues

Ability to work with mathematical concepts utilized in the appraisal process

Ability to prioritize competing demands and effectively manage multiple tasks and /or projects

Ability to make sound decisions, to consistently deliver on commitments, and assume responsibility for results

Ability to interpret documents and information such as internal policies and procedures

Capacity to work with multiple computer and software systems