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Ensure Bancorp residential collateral policies are compliant with all federal and investor appraisal and evaluation regulations and requirements. Challenge first line of defense consumer residential appraisal and evaluation strategies.
Responsible for implementation of planning, organizing, staffing and directing the efforts of the second line of defense (2LOD) residential lending appraisal group (RLAG). Develop relationships with staff, other departments and individuals within the Bancorp that encourages participation, teamwork, respect, a work culture of equity and inclusion, effective relationships and appropriate use of resources. Exercise independent expert judgment and discretion.
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. Ensures that actions and behaviors consider the impact to the customer experience and align with regulatory requirements. While operating within the Bank’s risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.
Determine and maintain appropriate staffing levels.
Perform tasks related to supervision of RLAG staff and their daily operations. This includes but is not limited to prioritizing workloads, promoting teamwork, ensuring adequate work coverage during absences and vacancies. Ensuring work is distributed equitably and supports high productivity. Providing coaching, education and career development of staff and implementation of succession plans.
Implement second line of defense policies and procedures in accordance with state and federal laws and investor requirements.
Identifying problems hindering progress towards goals and objectives; recommends solutions or seeks advice as appropriate; and implements corrective action as directed.
Provide oversight and challenge of the line of business collateral valuation assessment process and program modifications. Challenging standards, methods and techniques used in real property appraisals/valuations to ensure conformation with laws, regulations, investor and bank requirements as well as ensuring consistency, accuracy and uniformity in the process. Challenge (either directly or through managed staff) the contents of appraisal reports and achieve changes to such reports as required through 2nd line of defense oversight of LOB or communication with AMC/appraisers.
Ensure FTB Appraiser Exclusionary list is maintained and regularly reviewed by RLAG staff. Provide oversight and challenge of LOB training on the appraisal function.
Remain current on applicable regulations and communicate changes to appropriate staff.
Provide support to appraisal vendor management as needed.
Ensure alternative valuations meet regulatory and Bancorp guideline standards.
Responsible for oversight and challenge of AVM business rules.
Review and challenge all line of business collateral Assist the LOB in the assessment of repurchase demands for collateral valuation issues.
Maintain membership in professional organizations in order to remain current on trends in the industry and remain current on USPAP, FIRREA, regulatory issues, etc.
Performs work/participates in special projects or line of business strategy projects as directed.
Responsible for providing employees timely, candid and constructive performance feedback; developing employees to their fullest potential and provide challenging opportunities that enhance employee career growth.
Active Certified or General Real Estate Appraisal License.
Minimum 10 years Residential Appraisal review experience.
Minimum 10 years Residential Real Estate experience.
Analytical and communication skills required.
Broad knowledge of You Connect, Real EC, GAAR, and FNC/CMS a plus.
Excellent analytical, verbal, and written communications skills with strong attention to detail.
Proficiency with Microsoft Office software including Word, Excel, Power Point, etc.
Strong leadership, interpersonal and collaboration skills.
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Consumer Chief Real Estate AppraiserTotal Base Pay Range 96,500.00 - 207,500.00 USD AnnualAt 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.
LOCATION -- Virtual, Kentucky 00000Attention 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.