OEV Specialist

OEV Specialist

Cozad - Cozad, NE 69130

Position Type:
Full-time Job Shift: Day Education Level: 4 Year Degree

Position Overview

The OEV Specialist is responsible for evaluating and validating property values based on owner-provided estimates and supporting data to inform lending decisions. This role plays a key part in the credit underwriting and risk assessment process by ensuring property valuations are reasonable, well-supported, and aligned with market conditions.

The ideal candidate combines real estate knowledge, analytical skills, and attention to detail to assess valuation accuracy, identify potential risks, and support high-quality lending outcomes.

Key Responsibilities

• Review and assess Owner's Estimated Value (OEV) submissions for residential or commercial real estate loan applications
• Analyze supporting documentation such as comparable sales (comps), market trends, tax assessments, and property condition data
• Validate property values using internal tools, AVMs (Automated Valuation Models), broker price opinions (BPOs), and third-party valuation sources
• Identify inconsistencies, valuation risks, or potential over/understatements and escalate as needed
• Partner with underwriting, appraisal review, credit risk, and collateral teams to support loan decisioning
• Document findings and maintain clear audit trails in loan origination or credit systems
• Ensure compliance with regulatory guidelines (e.g., FIRREA, USPAP) and internal valuation policies
• Support collateral risk management by recommending when full appraisals or additional reviews are required
• Monitor real estate market trends to inform valuation assessments
• Meet service level agreements (SLAs) for turnaround time and quality standards

Qualifications and Experience

Required:

• Bachelor's degree in finance, real estate, business, or a related field (or equivalent experience)
• 2–5 years of experience in mortgage lending, real estate valuation, appraisal review, or credit underwriting support
• Strong understanding of residential and/or commercial real estate valuation principles
• Ability to interpret appraisal reports, comps, and market data
• Strong analytical and problem-solving skills
• Excellent attention to detail and documentation accuracy
• Proficiency in Microsoft Excel and loan origination or valuation platforms

Preferred:

• Experience with AVMs (e.g., Core Logic, Black Knight, Collateral Analytics)
• Exposure to appraisal review, collateral underwriting, or property risk analysis
• Familiarity with regulatory requirements governing appraisals and valuations (USPAP, FIRREA, Interagency Guidelines)
• Relevant certifications (e.g., Real Estate License, Appraisal Trainee, or progress toward appraisal certification)

Why Security First Bank

Security First Bank offers an excellent opportunity within a community-focused financial institution recognized for integrity, customer trust, and operational excellence. We welcome applicants from a wide range of backgrounds and provide a supportive environment where you can develop valuable skills, contribute to a service-driven team, and build a strong foundation for your career.

We offer competitive wages and one of the most comprehensive benefits packages in Nebraska and South Dakota, designed to support both your professional development and personal well-being. Starting pay is based on experience, and additional benefit details are available on our Careers page.