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Assistant Appraisal Reviewer

Company: East Boston Savings Bank
Location: Peabody
Posted on: June 10, 2018

Job Description:

Tracking Code 2018294 Job Description POSITION SUMMARY Responsible for maintaining the quality of real estate appraisal reports approved and used by the Bank to support its lending product lines. Assist the VP, Appraisal Officer and AVP, Appraisal Officer in ensuring the quality of third party appraisers with whom the Bank contracts. Assist with the oversight of the vendor relationship with appraisers. Adhere to the Bank's Appraisal Policy and with all applicable regulatory requirements. COMPLIANCE RESPONSIBILITIES Fair Lending Laws and their implementing regulations; FIRREA; USPAP; NFIP. ESSENTIAL RESPONSIBILITIES Assist with the management of the Bank's list of approved third party real estate appraisers through retention of up to date copies of all appraisers' licenses and Errors and Omissions Insurance Policies. Ensure the quality of vendor relationships with the appraisers and appraisal firms through the review of appraisers' credentials and qualifications, and monitoring the quality of their product and the depth of their on-going knowledge of the Bank's markets Ensure timeliness of communications and Appraisal Report Deliveries by appraisal firms; act as a liaison between appraisers and the Bank's lenders and business lines to resolve communication, service delivery and any other issues that arise Assist in appraisal invoice tracking to ensure prompt payment Obtain bids for new appraisal reports and order appraisal reports using the Bank's Request for Proposal (RFP) platform Review appraisal reports to ensure reports meet specific Appraisal methodology and there are not mathematical errors as required by bank's Appraisal Policy Provide assistance in all special assignments and projects as they relate to the valuation of real estate related transactions including but not limited to new loans, existing loans, loan participation sale/purchases, whole loan sales and securitizations as well as the evaluation of real estate owned by the Bank and or to be leased by the Bank QUALIFICATIONS High school diploma required 1+ years of real estate valuation experience in residential properties SKILLS Microsoft Office Strong analytical skills Strong communication skills Maintain knowledge on compliance regulations, including Interagency Appraisal & Evaluation Guidelines 12/2010 PREFERENCES Bachelor's Degree 2+ years of directly related experience Massachusetts Certified Residential Appraisal License or Appraisal Trainee license Multilingual capabilities and/or multicultural perspective East Boston Savings Bank is proud to be an Equal Opportunity Employer that values diversity and the strength it creates. The Bank recruits and hires qualified candidates without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, genetic information, disability, protected veteran status, or any other class protected by federal, state, or local law. Job Location Peabody, Massachusetts, United States Position Type Full-Time/Regular

Keywords: East Boston Savings Bank, Peabody, Assistant Appraisal Reviewer, Other, Peabody, Massachusetts

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