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The Bank of Missouri · 1 month ago

Senior Appraisal Review Officer (Spv)

United States

Full-time

Remote

Mid, Senior Level

4+ years exp

The Bank of Missouri is an independent community bank with a long-standing commitment to serving its customers and communities. The Senior Appraisal Review Officer is responsible for overseeing the appraisal review department, ensuring compliance with regulatory standards, and leading the appraisal review team.

Financial Services

Growth Opportunities

Responsibilities

Bid and order in-house and secondary market real estate appraisals from state-certified or licensed appraisers

Review appraisals on these commercial, agricultural, and residential real estate loans for completeness, accuracy and compliance

Determine the utilized scope of work is appropriate for the appraisal request, acceptable methodologies are included, and conclusions are adequately supported with relevant market data

Identify errors, omissions, or inconsistencies in appraisals and effectively communicate revision requests to appraisers to obtain acceptable reports

Ensure the appraisal meets bank policy and regulatory requirements

Collaborate with internal teams to address any appraisal questions, concerns, or reconsideration requests

Complete checklists on reviewed appraisals to document an opinion on the quality and reliability of the appraisal

Prepare evaluations using established criteria for new loans and loan renewals/modifications of residential, agricultural, and commercial property

Review evaluations prepared by other appraisal review personnel for completeness, accuracy, and compliance

Lead resolution of all Reconsideration of Value requests, including communicating with internal teams and appraisers, and maintain corresponding documentation

Ensure work performed and reviewed is accurate, complete and adheres to bank policy, regulatory requirements, secondary market expectations, and all other applicable guidelines

Answer internal questions on appraisal and evaluation requirements and corresponding documentation needed to comply

Oversee work completed by the appraisal review team

Monitor team workload and recommend adjustments to be made, as needed, to better balance duties

When warranted, recommend department efficiencies and improvements

Maintain the approved appraiser list and lead the annual review and Board approval of it

This includes ensuring independent review of appraisers on the list and making recommendations for any updates needed to it

Stay current with appraisal industry trends, regulatory changes, and best practices

Lead refining and updating appraisal review department procedures and documentation, as needed

Lead periodic review of bank appraisal policy and provide any recommended updates to it

Represent the Bank in industry and professional associations, community organizations, local business groups, etc., and promote the Bank's favorable image

Qualification

Real estate appraisalRegulatory complianceReal estate lendingMarket analysisLeadership

Required

Bachelor's degree from four-year college or university plus additional real estate or real estate lending experience; or four to five years real estate or real estate lending experience and/or training; or four to five years real estate appraisal or evaluation experience; or equivalent combination of education and experience

Must have comprehensive knowledge of real estate appraisal practices and techniques

The candidate must reside in Missouri and be familiar with Missouri real estate markets