Job Posting #92: Senior Appraisal Review Officer (Remote) 

Job Title:
Senior Appraisal Review Officer (Remote)  

First Citizens Bank 

Open to US 

Job Description:
This position supports regulatory compliance within the Bank's real estate appraisal operations at a high level of complexity and ability. Determines the net realizable value of real estate assets, adjusted for the costs associated with the sale. Reviews appraisals to determine the acceptability of methodology, technique, and credibility. Monitors property evaluations to ensure that appraised values are properly supported and reasonable. Ensures compliance with all applicable regulations as well as Bank policies and procedures. Assists real estate-related projects and appraiser audits to mitigate risk. Serves as an appraisal resource to field associates through expert knowledge of real estate, department policies, and regulatory requirements. May provide leadership to less experienced associates in the workgroup.

This position is eligible for remote work.

Appraisal Review - Reviews commercial real estate appraisals and property evaluations prepared by independent appraisers to determine the overall quality and reasonableness of appraised values. Ensures compliance with all regulatory requirements as well as internal policies, standards, and procedures. Monitors fee appraiser responsiveness and performance through ongoing audits. Works closely with underwriters, management, and compliance associates throughout appraisal reviews.

Business Support - Estimates the net realizable value of real estate securing loans in default. Makes property inspections, facilitates foreclosure or judgment filing decisions, and performs other tasks that facilitate daily appraisal operations. Resolves issues and assists senior or executive management with projects as necessary. Trains associate within the workgroup.

Appraisal Resource - Serves as an expert resource on real estate appraisal policies, general questions, and methods of compliance. Develops and implements policy changes to comply with regulatory requirements. Educates on subjects related to real estate appraisal and review, developing lesson plans and other educational materials. Provides guidance to Bank committees and project teams.
Quality Assurance - Conducts quality assurance reviews of appraisal reports in compliance with the secondary market, regulations, and Bank guidelines. Identifies discrepancies or missing information, and reports to the appropriate party.


How to Apply: