Senior Commercial Appraisal Job Manager
- - Credit Department
- Houston, Dallas or Virtual, TX, USA
- Full Time
Veritex Holdings Inc. is a publicly traded bank holding company headquartered in Dallas, Texas. Through our wholly-owned subsidiary, Veritex Community Bank, a state-chartered bank, we provide relationship-driven commercial banking products and services tailored to meet the needs of small to medium-sized businesses and professionals. Since our inception, we have targeted customers and acquisitions primarily in the Dallas Metropolitan area. We have expanded to 22 locations including a mortgage office. We are a fast growing and dynamic organization. The quality of our employees and their dedication to service is what separates us from other banks of any size. We strive to attract and retain exceptional employees who share our commitment to superior customer service, continued growth and organizational success.
In 2017, we were recognized as one of the Top 100 Places to work in Dallas by The Dallas Morning News as well as one of the Best Banks to Work for in the US by The American Banker!
Intent of Position
The intent of this position is to provide support to the Chief Appraiser of Green Bank, N.A. The position is part of the Credit Department under the Division of REVS (Real Estate Valuation Services). The REVS Division is responsible for all Real Estate Appraisal, Environmental Assessment, Equipment Appraisal, and Business Valuation Services required in the credit making decision process of underwriting collateral for lending purposes. This position will focus on the Commercial Appraisal Requests made by Green Bank, N.A. lending staff to include Commercial Real Estate Appraisals, Equipment Appraisals and Business Valuations as directed by the Chief Appraiser.
• Four year College Degree with emphasis in Real Estate, Economics and Finance
• Three to five years of commercial appraisal experience
• Texas State General Certification or demonstrate strong knowledge of USPAP (Uniform Standards of Professional Appraisal Practice)
• Three to five years of banking appraisal review experience and/or contract appraisal review experience.
1.0 Monitor Commercial Requests
Monitor commercial real appraisal requests through RIMS
Monitor equipment appraisal and business valuation requests submitted through Outlook
Follow up with lenders for additional documentation required for all requests submitted
Assist with continual training of lending staff on how to accurately describe collateral.
2.0 Bidding/ Engagement
Review all assigned commercial real estate appraisal and or evaluation requests made through RIMS (assignments made by the Chief Appraiser)
Submit all invoicing for vendor services to REVS Administrative Manager
Manage commercial appraisal requests to include sending out Requests for Proposals (RFPs) to appraisers and monitor for response (will use RIMS system for commercial real estate requests and Outlook for equipment and all other requests)
Send notice of appraisal process results including anticipated fee and delivery date to lenders
Track engagements with appraiser including sending out appropriate engagement documentation
Maintain "Out Look" Calendar tracking for delivery dates of all requests made outside of RIMS system with notices to be sent to applicable lenders.
3.0 Review/ Analysis
Review all assigned commercial real estate appraisal/evaluation requests made through RIMS (includes submitting appropriate review form to communicate compliance)
Review all equipment and business valuation requests made through Outlook (includes submitting narrative review form to communicate compliance)
4.0 Procedures Documentation
Assist Chief Appraiser in maintaining REVS Appraisal Procedures
Assist Chief Appraiser with creation/maintaining REVS Operations Manuel.
5.0 Vendor Service Provider List
Contribute feedback to the Chief Appraiser concerning the Commercial Appraisal and Equipment Appraisal Service Provider List
Assist with regularly monitoring of approved vendor lists for compliance purposes to include checking current state certification status of approved appraisers.
6.0 Evaluation Process
Assist Chief Appraiser with potential evaluation requests as allowed by FIRREA
Conduct Internal Evaluations for Real Estate Renewal requests as directed by the Chief Appraiser.
This job description is not an inclusive list of all duties and responsibilities of the position. Incumbents will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. Veritex Bank reserves the right to amend and change responsibilities to meet business and organizational needs.
This document does not create an employment contract, implied or otherwise, other than an "at will" relationship.