Appraiser

Position: Staff Appraiser
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GENERAL FUNCTION:

Responsible for completing administrative technical reviews of residential appraisals for consumer lines of business to ensure reports are compliant with regulatory guidelines.  Responsible for reviewing requests in both Collateral Management System (CMS), You Connect, and outside sources as needed. Reviewing appraisal documents, requesting revisions from the AMCs as needed, and communicating review results to internal customers and/or collateral underwriters.  Reinforce processes that provide assurance that loan approvals are supported by qualified collateral being taken on real estate secured loans.  

Such processes will include evaluation of valuation provider, credit level review of valuation reports, monitoring, loan production methodologies, and resolving issues concerning the valuation differences.  Completes all levels of residential assignment, both non-complex and complex. For this to be possible individual must exhibit understanding of current challenges in appraisal field and how markets are affected as well as a working knowledge of Fifth Third Collateral guidelines.

To ensure highest levels of quality and due diligence are being met in regards to collateral.  To defend the bank's position and best interest on collateral issues when application.  Challenge first line of defense consumer residential appraisal and evaluation strategies.  

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

+ Manage Exclusionary List Exclusionary List meetings.

+ Ensure reviews meet regulatory and USPAP requirements.

+ Coordinate training personnel to adequately perform job function. Provide training to full-time review appraisers.

+ Remain current on applicable regulations and convey changes to staff.

+ Partner with RERG Vendor Management to participate in AMC meetings by providing subject matter expertise.

+ Continue education by attending job related and timely courses/seminars, reading pertinent industry publications, and networking with peers and experts in the real estate profession.

+ Follow changes and emerging issues with bank regulatory agencies, professional trade organizations, and The Appraisal Foundation (USPAP).

+ Provide subject matter expertise for quality, regulatory, and investor issues as deemed appropriate by management.  Circulate and/or distribute communications from the Chief Appraiser as needed.

+ Maintain membership in professional organizations in order to remain current on trends in the industry and remain current on USPAP, FIRREA and regulatory issues.

+ Provide ongoing collateral valuation review support for lending activities relating to Consumer Lending Activities

+ Maintain working knowledge of internal systems including Empower, ACAPS, and CMS.

+ Communicate with AMC as needed for outstanding revisions to ensure prompt return of revised report.

+ Assist in the development of policy and procedures for the Real Estate Lending Appraisal Group.

+ Escalate quality concerns to be tracked in Appraisal Management Company Issue Log and as needed.

+ Support the overall risk management goals of Consumer Lending Risk Management through participation in discussions with team members, sharing of current issues and projects and the receipt and providing of cross training.

+ Review and decision requests for Upgrades and Reconsiderations of Value prior to submission to vendors as needed.

+ Reconcile original appraisals with Field Reviews that provide alternate conclusions.

+ Maintain productive working relationships with team members and counterparts within Fifth…