What are the responsibilities and job description for the Appraisal Administrator position at Magnolia Bank?
Appraisal Administrator
Magnolia Bank is a community bank that has served the surrounding area for over 100 years. Our footprint includes banking centers located in Central Kentucky, mortgage offices throughout the U.S. and over 300 employees. We hold ourselves to the highest standard when it comes to providing an excellent customer experience through our personal way and the nurturing of our employees’ personal and professional growth. We keep a fun, friendly and engaging atmosphere all while living the Magnolia Values of Honesty, Integrity, Confidentiality, Excellence and Professionalism every day. Magnolia Bank is a customer focused bank that empowers, encourages, and engages our employees. Being Adaptive and Innovative is one of the main reasons Magnolia Bank continues to prosper.
We are currently seeking applicants for an Appraisal Administrator
Qualified Candidates will be responsible for:
- Coordinate with loan officers and processors to order appraisals or evaluations for all core-bank loans requiring appraisals or evaluations
- Review appraisals and evaluations within Bank policy limits
- Order appraisal reviews for larger credits as needed
- Review and coordinate reconsideration of value requests as needed
- Write/prepare loan reports for Management, Board and other Committees as needed
- Serve as Secretary of Board-level committees to be determined annually
- Analyze data on new, renewal, and existing loans, including data provided by applicants, credit bureaus, and bank files to develop credit metrics such as DSCR and repayment capacity
- Conduct annual reviews of customer financial information
- Prepare financial analysis and draft credit memorandum/loan presentation for Loan/Leasing Officers and bank committees
- Be available and prepared to answer questions related to the appraisal ordering and review process
- Assist with procedures that support the lending function of the organization, including implementation within any related software or other resources
- Exemplify commitment to the vision, mission, and core values of the Bank
- Support management in analysis of data or other projects that require research
- Attend seminars and/or training that furthers knowledge, improves process, and promotes new ideas
- Other projects/duties as assigned by manager
Candidates must also have knowledge in:
Thorough knowledge of:
- Federal banking regulations and guidance including appraisal standards and how they relate to Magnolia Bank’s lending policies and procedures
- Loan documentation requirements in regard to both federal regulations and bank policy
- Magnolia Bank’s loan policies and procedures
- Business development, credit underwriting, and loan structuring
Ability to:
- Effectively present information and respond to questions from senior management
- Communicate effectively and efficiently with other departments within the bank
- Maintain confidential business relationships
- Exercise time management and organizational skills
- Analyze and understand financial and cash flow analyses
- Organize activities and handle multiple tasks simultaneously
- Maintain flexibility in a changing environment
Enter Qualifications:
- High School Diploma or GED required
- Bachelor’s degree (B.A. or B.S.) from a four-year college or university in a business-related subject or three years of related banking or accounting experience and/or training; or equivalent combination of education and experience
- Must have working knowledge of Microsoft Word, Excel, and email software and use of the Internet
This position reports to the Credit Administration Officer.
If you want a place to work with opportunities to grow and a place that feels like home-come join us!
