What are the responsibilities and job description for the Residential Review Appraiser position at Bank of America?
Job Description:
Manages the process of reviewing appraisals and evaluations used for bank residential real estate lending and is responsible for quality assurance functions that ensure valuations comply with industry standards, regulatory requirements and bank appraisal requirements.
Manage appraisal review team that identifies, analyzes and reports deficiencies in the valuation product under review that are material and may impact the completeness, adequacy, relevance, and credibility of the appraisal report.
Additional responsibilities include, but are not limited to, appraisal policy interpretation, vendor management, supervision of personnel, reciprocal licensing compliance, allocation of resources, special projects, staff compensation and incentive recommendations, talent management and professional guidance through training and consultation opportunities.
Creates, analyzes and delivers reporting to senior management and a variety of audiences on a monthly/quarterly/adhoc basis
Maintain knowledge of policy & procedures, Uniform Standards of Professional Appraisal Practice and regulatory guidelines, appraisal theory and methodology governing residential real property.
Additional duties as assigned.
Required and Desired Candidate Qualifications:
• General Certified or Residential Certified Appraiser in good standing with home state
• Minimum of 5 years appraisal field experience with complex property assignments
• Ability to obtain multiple state appraisal reciprocal licensing based on regulatory compliance needs
• Thorough understanding of the Uniform Standards of Professional Appraisal Practice, regulatory guidelines, appraisal theory, and methodology governing residential real property
• Strong communication skills, both written and verbal, and ability to deliver a clear and understandable message to a variety of audiences
• Effective listening and comprehension skills
• Ability to research, analyze and resolve complex valuation issues
• Ability to make a swift and supported decisions
• Comfortable with working independently and able to triage escalated deliverables appropriately
• Effective organizational and time-management skills, with the ability to prioritize and maintain production goals
• Intermediate to Advanced Microsoft Office and keyboarding skills
Shift:
1st shift (United States of America)Hours Per Week:
40
