Commercial Review Appraiser

Job Description

The Commercial Review Appraiser independently engages qualified appraisers and evaluators establishes the appropriate valuation product and scope of work and reviews commercial and residential appraisals and evaluations for compliance credibility and supportability. The role exercises independent judgment and discretion in determining the acceptability of real estate valuations for credit decisions prepares clear and well-supported review memoranda that communicate valuation conclusions and identified risks and escalates matters when appropriate and in accordance with policy/procedures. The position supports the integrity and independence of the Banks real estate valuation program contributes to vendor management activities and assists with policy and procedure development reporting market analysis valuation validations and special projects.

Essential Functions
Determine the appropriate valuation product and scope of work based on the collateral transaction risk and policy/regulatory requirements.
Engage qualified appraisers or evaluators and exercise independent judgement in vendor selection assignment complexity scope expectations and deliverable acceptability. Monitor active job pipeline to ensure SLAs are satisfied and communicate delays when appropriate.
Independently review commercial and/or residential appraisals in accordance with policy for credibility compliance supportability and adequacy for credit decisions.
Maintain appraisal independence and adhere to USPAP FIRREA Title XI Interagency Appraisal and Evaluation Guidelines and Northwest policies and procedures.
Validate existing valuation valuations and provide acceptance sign-offs for third-party appraisal reviews when appropriate.
Analyze market data valuation trends collateral risk and report findings for Lending Credit and Management use.
Contribute to vendor management approved appraiser/evaluator monitoring service quality and appraiser list governance.
Act in a consultative capacity working with credit and other internal partners to assess risk and stay abreast to market conditions.
Identify communicate and independently resolve valuation scope compliance or process issues; escalate material exceptions as appropriate.
Contribute to appraisal/evaluation policy procedures workflow management reporting and market analysis enhancements.
Provide support to Collateral Services Specialists.
Complete special projects and provide valuation support for portfolio REO acquisition-related and other department initiatives as assigned.
Maintain strong knowledge of current regulations standards and practices associated with real property valuation.
Administer collateral workflow platform.

Additional Essential Functions
Ensure compliance with Northwests policies and procedures and Federal/State regulations
Navigate Microsoft Office Software computer applications and software specific to the department in order to maximize technology tools and gain efficiency
Work as part of a team
Work with on-site equipment

Safety and Health for those without supervisory duties
Abide by the rules of the safety and loss prevention program
Perform work tasks in a safe manner
Report any and all injuries to supervisor
Know what to do in case of an emergency

QUALIFICATIONS
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.

Education
Bachelors Degree

Work Experience
5 - 6 years Preparing appraisals and/or reviewing appraisalsAnd
2 - 3 years Working within a bank appraisal department

General Employee Knowledge Skills and Abilities
Ability to establish effective working relationships among team members and participate in solving problems and making decisions
Ability to present and express ideas and information clearly and concisely in a manner appropriate to the audience whether oral or written
Ability to actively listen to what others are saying to achieve understanding sharing information with others and facilitating the open exchange of ideas and information
Ability to establish courses of action for self to accomplish specific goals develop and use tracking systems for monitoring own work progress and effectively use resources such as time and information
Ability to make right decisions based on perceptive and analytical processes practicing good judgment in gray areas

Additional Knowledge Skills and Abilities
Candidate must be well versed in real estate valuation methods USPAP FIRREA Title XI and the Interagency Appraisal & Evaluation Guidelines.

Licenses and Certifications
Certified General or Residential Appraiser with a current license within PA NY OH and/or IN

Northwest is an equal opportunity employer. We are committed to creating an inclusive environment for all employees.