Commercial Real Estate Services Coordinator
Virtual-Illinois
Virtual-Texas
Virtual-North Carolina
+10
Just now
Position Summary
The Commercial Real Estate Services Coordinator is responsible for real estate appraisals, evaluations, validations and environmental reports. Appraisals, evaluations and validations are requested by the lenders through the RIMS system, and the coordinator acts as a job manager for ordering appraisals and evaluations and having them reviewed. Evaluations and validations are completed as needed. Interpretation of the appraisals and understanding of the appraisals in the lending process is necessary. The Bank has an environmental policy, and reports are ordered either through RIMS or from approved environmental professionals. The Commercial Real Estate Services Coordinator will interpret the reports and may direct that further investigation is needed to understand risks in the lending process.Duties & Responsibilities
Commercial Real Estate Services Coordinator I
- Organizes the appraisal ordering process using the RIMS system.
- Accepts and orders appraisal, evaluation and validation requests from lenders and administrative assistants.
- Must be able to read appraisals and evaluations and understand them and complete validations in order to be in compliance with bank policy and federal regulations.
- Maintain a primary function of reading external appraisal reviews and communicating with appraisers as to correcting appraisals to be completed in an acceptable manner.
- As a secondary function, have the capability to review appraisals and evaluations.
- Order and review environmental reports.
- Develop an understanding of the reports so as take further action as required by bank policy and federal regulations. Be able to communicate with lenders and staff on environmental issues.
Commercial Real Estate Services Coordinator II
- The Commercial Real Estate Services Coordinator II will execute the above duties, as well as the following:
- Maintains RIMS System and able to train on use of RIMS System to internal and external customers.
- Maintains Approved Appraiser’s List. Responsible for acquiring and updating appraiser’s information.
- Trains and assists Commercial Real Estate Services Coordinator as needed.
Education & Experience
Knowledge of:
- Policy and federal regulations including, but not limited to, FDIC and FIRREA regulations.
- Strong oral and written communication skills
- Strong organizational skills
- Federal regulations
- Math skills for financial calculations
- Commercial loan process and its documentation
- Understanding of appraisal process
Ability to:
- Maintain confidentiality of customer information
- Take moderate care to prevent loss to the organization
- Analyze and solve problems for which there are not precedents
- Maintain mental concentration for variable lengths of time
- Perform duties under frequent time pressures
- Solve problems independently while applying logic and discretion
Education and Training:
- Requires a Bachelor’s degree.
- Requires 3 or more years of Commercial Real Estate experience
- Requires knowledge of Microsoft Office.
Compensation and Benefits
Salary offered is based on factors, including but not limited to, the job duties, required qualifications and relevant experience, and local market trends. The role may be eligible for bonus or incentives based on company and individual performance.
(Base Pay Range: $20.50-$26.50 /hr)
Busey provides a competitive Total Rewards package in return for your time, talents, efforts and ultimately, results. Your personal and professional well-being—now and in the years to come—are important to us. Busey’s Total Rewards include a competitive benefits package offering 401(k) match, profit sharing, employee stock purchase plan, paid time off, medical, dental, vision, company-paid life insurance and long-term disability, supplemental voluntary life insurance, short-term and long-term disability, wellness incentives and an employee assistance program. In addition, eligible associates may take advantage of pre-tax health savings accounts and flexible spending accounts. Visit Busey Total Rewards for more information.
Equal Opportunity
Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent. A team with diverse talent, working together, is essential to Busey’s commitment of delivering service excellence. Busey is an Equal Opportunity Employer including Disability/Vets. Visit Busey.com/Careers to learn more about Busey’s Equal Opportunity Employment.
Unsolicited Resumes
Busey Bank, and its subsidiaries, does not accept any liability for fees for resumes from recruiters or employment agencies ("Agency"), without a binding, written recruitment agreement between Busey and Agency describing the services and specific job openings ("Agreement"). Busey may consider any candidate for whom an Agency has submitted an unsolicited resume and explicitly reserves the right to hire those candidate(s) without any financial obligation to the Agency, unless an Agreement is in place. Any email or verbal contact with any Busey associate is inadequate to create a binding agreement. Agencies without an Agreement are requested not to contact any associates of Busey with recruiting inquiries or resumes. Busey respectfully requests no phone calls or emails.
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