Staff Appraiser

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GENERAL FUNCTION: 

Responsible for completing administrative technical reviews of residential appraisals for consumer lines of business to ensure reports are compliant with regulatory guidelines.  Responsible for reviewing requests in both Collateral Management System (CMS), YouConnect, and outside sources as needed. Reviewing appraisal documents, requesting revisions from the AMCs as needed, and communicating review results to internal customers and/or collateral underwriters.  Reinforce processes that provide assurance that loan approvals are supported by qualified collateral being taken on real estate secured loans.  Such processes will include evaluation of valuation provider, credit level review of valuation reports, monitoring, loan production methodologies, and resolving issues concerning the valuation differences.  Completes all levels of residential assignment, both non-complex and complex. For this to be possible individual must exhibit understanding of current challenges in appraisal field and how markets are affected as well as a working knowledge of Fifth Third Collateral guidelines.

To ensure highest levels of quality and due diligence are being met in regards to collateral.  To defend the bank’s position and best interest on collateral issues when application.  Challenge first line of defense consumer residential appraisal and evaluation strategies.  

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types. 

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Manage Exclusionary List Exclusionary List meetings.

• Ensure reviews meet regulatory and USPAP requirements.

• Coordinate training personnel to adequately perform job function. Provide training to full-time review appraisers.

• Remain current on applicable regulations and convey changes to staff.

• Partner with RERG Vendor Management to participate in AMC meetings by providing subject matter expertise.  

• Continue education by attending job related and timely courses/seminars, reading pertinent industry publications, and networking with peers and experts in the real estate profession.

• Follow changes and emerging issues with bank regulatory agencies, professional trade organizations, and The Appraisal Foundation (USPAP).

• Provide subject matter expertise for quality, regulatory, and investor issues as deemed appropriate by management.  Circulate and/or distribute communications from the Chief Appraiser as needed.

• Maintain membership in professional organizations in order to remain current on trends in the industry and remain current on USPAP, FIRREA and regulatory issues.

• Provide ongoing collateral valuation review support for lending activities relating to Consumer Lending Activities

• Maintain working knowledge of internal systems including Empower, ACAPS, and CMS.

• Communicate with AMC as needed for outstanding revisions to ensure prompt return of revised report.

• Assist in the development of policy and procedures for the Real Estate Lending Appraisal Group.

• Escalate quality concerns to be tracked in Appraisal Management Company Issue Log and as needed.

• Support the overall risk management goals of Consumer Lending Risk Management through participation in discussions with team members, sharing of current issues and projects and the receipt and providing of cross training.

• Review and decision requests for Upgrades and Reconsiderations of Value prior to submission to vendors as needed.

• Reconcile original appraisals with Field Reviews that provide alternate conclusions.

• Maintain productive working relationships with team members and counterparts within Fifth Third.

• Other functions as requested by manager. 

• Comply with the Corporate code of conduct.

SUPERVISORY RESPONSIBILITIES: 
None.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

• State Certified residential real estate appraiser license required.

• Minimum  5-7 years consumer residential real estate experience required.

• Minimum  5-7 years of appraisal review experience.  

• Strong attention to detail and quality-focused.

• Strong verbal and written communication skills.

• Demonstrated ability to problem-solve difficult appraisals

• Ability to create close working relationships across the bank and with third party vendors.

• Computer literate with proficiency in Microsoft Outlook, Word, and Excel (or similar database reporting programs).

• Ability to work independently and meet deadlines.

• Analytical and communication skills required.

• Preferred: bachelor’s degree or other advanced degrees/designations – additional years of appraisal experience could offset lack of such degree.

• Strong verbal and written communication skills.

• Ability to work independently and meet deadlines.

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WORKING CONDITIONS:

• Potential considerations include:

• Normal office environment with little exposure to dust, noise, temperature and the like.

• Extended time at desk and/or viewing computer screen.

At Fifth Third, we understand the importance of recognizing our employees for the role they play in improving the lives of our customers, communities and each other. Our Total Rewards include comprehensive benefits and differentiated compensation offerings to give each employee the opportunity to be their best every day.

The base salary for this position is reflective of the range of salary levels for all roles within this pay grade across the U.S. Individual salaries within this range will vary based on factors such as role, relevant skillset, relevant experience, education and geographic location. In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business and/or individual performance.

Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional and social well-being. You can learn more about those programs on our 53.com Careers page at: https://www.53.com/content/fifth-third/en/careers/benefits.html or by consulting with your talent acquisition partner. 

Attention search firms and staffing agencies: do not submit unsolicited resumes for this posting.  Fifth Third does not accept resumes from any agency that does not have an active agreement with Fifth Third.  Any unsolicited resumes – no matter how they are submitted – will be considered the property of Fifth Third and Fifth Third will not be responsible for any associated fee.

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.