Job Description

Job Description

Job Description

The Senior Real Estate Appraiser will perform and review real estate appraisals and evaluations for commercial and residential properties, efficiently managing QNB's real estate appraisal process. This includes ordering and tracking appraisals prepared by external appraisers. The Appraiser will ensure compliance with the Uniform Standard of Professional Appraisal Practice (USPAP), applicable laws, regulatory requirements, and Bank policies.

GENERAL DUTIES AND RESPONSIBILITIES:

1. Prepare thorough appraisals on problem loans or evaluations for properties as requested and permitted by bank policy.
2. Review appraisals prepared by third parties for compliance with USPAP and the Bank's Appraisal Policy. Discuss and resolve any deficiencies with the appraiser and/or adjust the value accordingly.
3. Perform on-site inspections on property to ascertain the condition of a property and/or assist in the preparation of an appraisal or evaluation.
4. Manage the Commercial Lending Appraisal process through interaction with lenders regarding appraisal requests, acquiring relevant information to precisely define the scope of work for an appraisal assignment. Obtaining bids from qualified appraisers, preparing engagement letters and forward appropriate information to appraiser, and monitoring timely receipt of appraisals.
5. Order or oversee the process to order appraisals on a rotating basis for the Retail and Mortgage loan functions.
6. Track bids, engagement letters and receipt of appraisals.
7. Maintain database by capturing key data from appraisals.
8. Provide assistance and advice to lenders regarding appraisal issues.
9. Track local, regional and state real estate data and market trends which may impact the bank's appraisals or evaluations.
10. Directly or indirectly manage any employees involved in the appraisal process.
11. Ensure appraisals and related documentation are saved in the Bank's electronic filing system.
12. Review credentials and sample appraisals of professionals to be considered for addition to the Bank's Approved Appraiser list.
13. Recommend changes to the Approved Appraiser list based on performance and need in various geographical areas or property expertise.
14. Ensure submission of invoices to Accounts Payable.
15. Responsible for the annual budget of the Appraisal Department.
16. Comply with all State, Federal, and local law as well as USPAP, regulatory requirements and Bank policies.
17. Complete assigned compliance training in a timely manner and demonstrate the ability to apply training to their duties and responsibilities including their supervision of other employees.
18. Assume additional job-related duties as required.

REQUIRED TRAINING, EXPERIENCE AND EDUCATION:

1. MAI designation, PA Certified General Appraiser, and appropriate continuing education requirements.
2. Minimum of 5 years of experience as an appraiser.
3. Thorough knowledge of the appraisal process, methodology and requirements.
4. Knowledge of current industry regulations, rules and standards.
5. Excellent time management skills.
6. Critical thinking and problem-solving skills.
7. Meticulous attention to detail.
8. Impeccable organizational abilities.
9. Ability to handle multiple tasks in a fast-paced environment.
10. Proficiency with MSOffice Suite.
11. Strong communication and interpersonal skills, both written and oral, to represent the Bank in a positive/professional manner.

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