Summary: Individual will shadow the Appraisal Manager and orchestrate the appraisal process from the appraisal request to the development of the final appraisal for all REO and Loan Serviced Properties.
Job Duties and Responsibilities:
• Obtain appraisal bids and converse with the third party appraisers on the particulars of the assignment. Present appraisal bids to the appraisal manager for selection of appraiser. • Prepare appraisal engagement letter according to the information on the Appraisal Bid Sheet and Appraisal Request Form. • Prepare appraisal folder in Outlook. • Track appraisals on shared appraisal status spreadsheet and download Appraisal Management Reports weekly for discussion with Appraisal Manager. • Weekly tracking of invoices to check on status and interfacing with third party vendors and our A/P department as required. • Complete Appraisal Review Form to summarize trailing 12 or historical past year, first year and stabilized year income and expenses and any BOV information available for comparison; discuss discrepancies and review with Appraisal Manager • Real Estate Appraisal Specialist will manage the flow of work to our third party review appraisers.
Knowledge and Skills:
• Working knowledge of Microsoft Excel, Word and Outlook; demonstrated organizational skills; • Ability to work independently as well as a team player • Excellent communication skills for interaction with internal management and third party vendors • Ability to establish, implement and monitor systems and procedures that provide support to associates and facilitate the smooth operation of the department • Able to handle multiple tasks, establish priorities and meet deadlines
Education and Experience:
• A.S. degree in Business or related field is required, B.S. or equivalent education with emphasis on business, finance and economics is preferred • 2-3 years experience in a business environment preferably related to commercial real estate, demonstrated organizational skills, good reasoning ability and an interest and aptitude for commercial real estate appraisal review