Commercial Real Estate Review Appraiser- Hybrid - Woodforest National Bank
The Woodlands, TX
About the Job
Become a part of the diverse and inclusive team within our nationally recognized award-winning Bank that is one of the strongest in the nation. Woodforest National Bank is privately owned, and our Employee Stock Ownership Plan is the largest shareholder. We focus on building relationships and discovering opportunities to better serve our communities and understand the financial needs of every customer we serve. At Woodforest we care and prove it by volunteering with local charities and foodbanks to give back to the communities we serve. By joining Woodforest you will become a part of one of the largest employee-owned banks in the country!
The Commercial Real Estate Review Appraiser is responsible for the engagement of third-party vendors and review of appraisal reports for the Bank’s real estate secured loans and related supporting functions. This position works to minimize risk by conducting valuation research, analysis and providing guidance and recommendations to the lending and credit risk staff. The Commercial Real Estate Review Appraiser will be evaluating a variety of property types, including but not limited to, industrial, multi-family, office, retail shopping centers, special use, etc.
Key Responsibilities:
· Primary responsibility is to manage the full process of a valuation request from the procurement of the appraisal report to the completion of the review report.
· Develops scope of work for soliciting appraisals bids in line with internal appraisal selection process and provides lending team with recommendations.
· Maintain effective communication with engaged vendors and manage issues/field questions to maintain the integrity of the appraisal assignment.
· Reviews the quality and accuracy of appraisal reports to ensure compliance with federal and state regulations, including FIRREA, Interagency Appraisal and Evaluation Guidelines, Uniform Standards of Professional Appraisal Practice (USPAP) and internal Bank policies, as well as review the reasonableness of the value conclusion (if warranted, develop an internal value conclusion).
· Coordinates the resolution for any appraisal deficiencies with third party vendors and request revisions, as well as being a liaison between lending team and appraiser regarding any appraisal disputes.
Competencies Required:
· Strong written and oral communication skills with an ability to effectively communicate between the lending team and third-party vendors.
· Proficiency with Microsoft Word, Excel and cash flow software applications such as Argus; familiarity with appraisal order management software.
· Must have a clear understanding and knowledge of USPAP and federal appraisal regulatory requirements.
· Strong analytical and research skills; developed technical writing ability.
· Proven ability to be self-motivated and manage multiple projects simultaneously in order to meet deadlines and quality standards.
· Strong problem resolution and analytical skill; ability to make objective decisions based on analysis of data within restricted time frames.
· Familiarity with environmental assessment reports is a plus.
Minimum Qualifications/Experience:
· 5+ years of experience appraising and/or reviewing appraisals of various commercial property types for a financial institution required.
· 7+ years of experience in real estate, banking or financial industry experience is preferred.
Formal Education & Certification:
· Bachelor’s degree required.
· Degree in real estate, accounting, finance, business, economics, or related field preferred.
· State Certification for General Real Estate Appraiser’s License required; must be in good standing with state licensing and certification board. If not already licensed in Texas must be able to obtain.
· MAI or AI-GRS designation from the Appraisal Institute or equivalent advanced education and experience is preferred.
Work Status:
· Full-Time.
Supervisory Responsibility:
· None.
Travel:
· Up to 10% travel is expected.
This will be a Hybrid role. (in office and remote). For in-office and telecommuting requirements, Woodforest National Bank offices are in The Woodlands, Texas.
Remote work shall only be performed from states/areas in which WNB has an established footprint. These states are Alabama, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Maryland, Mississippi, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia, and West Virginia.
Working Conditions:
· Conditions vary from office to field environments. Office environment involves lifting no more than ten pounds, sitting most of the time, but may involve walking, moving, or standing for brief periods, and occasionally lifting and carrying articles like files, ledgers, folders, etc.
Disclaimer:
This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Nothing herein restricts management’s right to assign or reassign duties and responsibilities to this job at any time.
Woodforest is an Equal Opportunity / Affirmative Action employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status, or other status protected by law or regulation.
