Appraisal Specialist

Company: TCWGlobal (formerly TargetCW)
Location: Monterey Park
Posted on: June 14, 2022

Job Description:

Appraisal Specialist$23-$27/hour DOE (weekly pay!)HYBRID- must be able to report onsite in Monterey Park, CA 91754Temporary assignment: 2-3 months POSITION SUMMARY: This position is responsible in assisting the Appraisal Manger and Reviewer in the appraisal review process. The Appraisal Support Officer uses regulatory and appraisal policy knowledge to independently process a high volume of service requests for the bank. ESSENTIAL FUNCTIONS:

• Provide initial quality control assessment of each submitted residential and commercial appraisal report.
• Confirms that each submitted appraisal report has been completed in conformance with the letter of engagement.
• Effectively communicate appraisal report findings to the assigned reviewer.
• Solicit bids for residential appraisal report, commercial appraisal reports, and environmental reports.
• Confirms with each vendor the acceptance, inspection and delivery of each appraisal and environmental report.
• Monitor appraisal service request system and environmental log for new assignments as well as updates and changes to existing ones.
• Recruitment of new appraisers including but not limited to running due diligence search for appraisers and preparing documentation to present to management for approval to do business with appraisers.
• Maintain appraiser and environmental vendor relationships through effective communication in negotiating fees, processing invoices, print & scan various reports to required folder(s) and send required documentation to the mortgage processor and accounting department.
• Maintain appraiser licenses and errors & omission insurance records for the approved appraiser panel list.
• Liaison between internal and external business partners. Maintain variety of lines of business updated with outstanding appraisal requests, revisions, status, and re-inspections.
• Process and order both residential and commercial appraisal and environmental reports.
• Serves as the resource for the appraisal department meeting its service level agreement targets to the organization.
• Create new internal forms and documentation based on department needs.
• Responsible for initial approval and uploading of vendor invoices and elevating unpaid invoices to appropriate levels within the organization.
• Conducts real estate market data research as directed by the Appraisal Manager. EDUCATION, EXPERIENCE AND SKILLS REQUIRED:
  • Bachelor's degree in related field preferred.
  • 10+ years of appraisal management experience, vendor management experience and/or bank loan review experience in both residential and commercial lending.
  • Strong verbal/written communication skills, inter-personal, and organizational skills.
  • Intermediate competency with Microsoft Word, Excel, PowerPoint.
  • Competency with various commercial and residential data bases such as CoStar, REIS, and Real Capital Analytics.
  • Ability to work with assignment deadlines.
  • Ability to effectively communicate with all vendors and internal personnel.

Keywords: TCWGlobal (formerly TargetCW), Monterey Park , Appraisal Specialist, Other , Monterey Park, California