MutualOne Bank
Summary / Objective
The Commercial Real Estate (CRE) Risk Officer is responsible for ordering, tracking, evaluating, and validating third-party real estate appraisals, reviewing environmental assessments, and (in conjunction with the Senior Commercial Loan Associate) monitoring construction loan advances to ensure regulatory compliance, credit soundness, and policy adherence. This includes discussions with appraisers in the event of questions related to value determination. Additionally, the incumbent must have sufficient knowledge to prepare internal evaluations clearly and professionally. This role plays a critical part in the bank’s overall credit risk management function, especially for commercial real estate and construction portfolios. The initial training period will be on-site. After the initial training period, time to be determined, this will be a hybrid role.
Experience & Education Requirements
Bachelor’s degree or equivalent experience in finance, real estate, or related field
8-10 years of experience with real estate appraisals, appraisal review, and/or construction monitoring. Licensed appraiser a plus.
Strong understanding of USPAP, FIRREA, and other related appraisal and related regulations
Background in real estate, commercial and/or consumer lending procedures within a financial institution
Essential Job Functions
Manage the Appraisal Management System process. Including ordering appraisal, bid selection, and tracking
Independently review appraisals received related to commercial and residential loans
Discuss discrepancies and questions directly with appraisers including evaluation of comparable data and income approach to value
Strong foundational knowledge of appraisal rules and regulations to ensure appraisals comply with all requirements
Prepare professional internal real estate evaluations and assist with annual site visits
Review summary findings of environmental reports and make recommendations based on the summary findings identified
Complex properties or known environmental concerns may necessitate engaging an external environmental expert for additional review
Review initial due diligence in conjunction with the AVP, Credit Officer to ensure documentation aligns with approvals prior to closing
Review construction draws advance request packages to approve or deny advance requests. This is in conjunction with the Commercial Loan Officers and Senior Commercial Loan Associate to resolve any concerns or questions
Together with the SVP, Chief Credit Officer, create, edit, and maintain policies and procedures related to the appraisal, environmental, and construction process
Participate in audits and reviews related to real estate collateral concerns
Required Knowledge, Skills & Abilities
Ability to remain fully independent of the lending function
Excellent knowledge of appraisal regulations
Knowledge and experience with appraisal management systems
Experience with construction monitoring
General understanding of environmental policy
Strong communication skills and ability to have challenging conversations with third parties such as appraisers
Highest level of accuracy and attention to detail
Well-developed written, communication and organization skills
Strong computer skills including a working knowledge of Appraisal Management Systems, Word, Excel and other software programs needed to perform the duties
Ability to assess and implement departmental process improvements
Physical Demands And Work Environment
Ability to use standard equipment such as computers, phones, photocopiers
Requires manual dexterity and sitting and standing for longer periods of time
Must be able to work schedules that meet the needs of the Bank, which may include early morning, evening and /or weekend hours
Occasional local travel for Bank purposes
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Other Duties This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. It is expected that from time-to-time other duties, both related and unrelated to the above, may be assigned and therefore required.
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Experience & Education Requirements
Bachelor’s degree or equivalent experience in finance, real estate, or related field
8-10 years of experience with real estate appraisals, appraisal review, and/or construction monitoring. Licensed appraiser a plus.
Strong understanding of USPAP, FIRREA, and other related appraisal and related regulations
Background in real estate, commercial and/or consumer lending procedures within a financial institution
Essential Job Functions
Manage the Appraisal Management System process. Including ordering appraisal, bid selection, and tracking
Independently review appraisals received related to commercial and residential loans
Discuss discrepancies and questions directly with appraisers including evaluation of comparable data and income approach to value
Strong foundational knowledge of appraisal rules and regulations to ensure appraisals comply with all requirements
Prepare professional internal real estate evaluations and assist with annual site visits
Review summary findings of environmental reports and make recommendations based on the summary findings identified
Complex properties or known environmental concerns may necessitate engaging an external environmental expert for additional review
Review initial due diligence in conjunction with the AVP, Credit Officer to ensure documentation aligns with approvals prior to closing
Review construction draws advance request packages to approve or deny advance requests. This is in conjunction with the Commercial Loan Officers and Senior Commercial Loan Associate to resolve any concerns or questions
Together with the SVP, Chief Credit Officer, create, edit, and maintain policies and procedures related to the appraisal, environmental, and construction process
Participate in audits and reviews related to real estate collateral concerns
Required Knowledge, Skills & Abilities
Ability to remain fully independent of the lending function
Excellent knowledge of appraisal regulations
Knowledge and experience with appraisal management systems
Experience with construction monitoring
General understanding of environmental policy
Strong communication skills and ability to have challenging conversations with third parties such as appraisers
Highest level of accuracy and attention to detail
Well-developed written, communication and organization skills
Strong computer skills including a working knowledge of Appraisal Management Systems, Word, Excel and other software programs needed to perform the duties
Ability to assess and implement departmental process improvements
Physical Demands And Work Environment
Ability to use standard equipment such as computers, phones, photocopiers
Requires manual dexterity and sitting and standing for longer periods of time
Must be able to work schedules that meet the needs of the Bank, which may include early morning, evening and /or weekend hours
Occasional local travel for Bank purposes
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Other Duties This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. It is expected that from time-to-time other duties, both related and unrelated to the above, may be assigned and therefore required.
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