Appraisals are requested by the lenders through the RIMS system, and the coordinator acts as a job manager for ordering appraisals and having them reviewed. 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.
The coordinator interprets flood hazard determination reports for the funding desk and must have a complete understanding of federal regulations as to flood insurance. Follow-up is needed on expired flood insurance to including communicating with borrowers and force placing insurance as needed.
Organizes the appraisal ordering process using the RIMS system. Accepts and orders appraisal requests from lenders and administrative assistants. Must be able to read appraisals and understand them 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.
Have a thorough understanding of federal regulations on flood hazard insurance for review of flood files and collaborate with lenders and staff on compliance. Maintain flood files with current information and communicate with borrowers as to continuous coverage. Force place insurance as needed to be in compliance.
In all three areas of this job description (appraisal, environmental, flood hazard insurance) the associate must have an understanding of bank policy and federal regulations including, but not limited to, FDIC and FEMA regulations.
Education and Training
Requires significant related work experience, Associate's degree preferred.
Requires experience in real estate appraising or the ability to understand the appraisal process.
Requires continued educations in areas of appraisal, environmental, and flood hazard insurance.
Requires knowledge of Microsoft Office.
Strong oral and written communication skills
Strong organizational skills
Math skills for financial calculations
Commercial loan process and its documentation
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
EOE of Minorities/Females/Vets/Disability
Internal Number: COMME01323
As of March 31, 2019, First Busey Corporation (Nasdaq: BUSE) was a $9.54 billion financial holding company headquartered in Champaign, Illinois.
Busey Bank, a wholly-owned bank subsidiary with total assets of $7.73 billion as of March 31, 2019, is headquartered in Champaign, Illinois and has forty-four banking centers serving Illinois, thirteen banking centers in the St. Louis, Missouri metropolitan area, five banking centers serving southwest Florida and a banking center in Indianapolis, Indiana. Through the Busey Wealth Management division, the Company provides asset management, investment and fiduciary services to individuals, businesses and foundations. As of March 31, 2019, assets under care were approximately $7.30 billion. Busey Bank owns a retail payment processing subsidiary, FirsTech, Inc., which processes approximately 28 million transactions per year using online bill payment, lockbox processing and walk-in payments at its 4,000 agent locations in 43 states. More information about FirsTech, Inc. can be found at firstechpayments.com.
Busey Bank was named among Forbes' 2018 Best-In-State Banks-one of five in Illinois and 124 from across the country, equivalent t...o 2.2% of all banks. Best-In-State Banks are awarded for exceptional customer experiences as determined by a survey sample of 25,000+ banking customers who rated banks on trust, terms and conditions, branch services, digital services and financial advice.
TheBANK of Edwardsville, a wholly-owned bank subsidiary of the Company with total assets of $1.81 billion as of March 31, 2019, is headquartered in Edwardsville, Illinois and has nineteen banking centers and one loan production office in the greater St. Louis, MO-IL MSA. Through TheBANK of Edwardsville Wealth Management division, the Company provides asset management, investment and fiduciary services to individuals, businesses and foundations. As of March 31, 2019, assets under care were approximately $1.59 billion.
For more information about us, visit busey.com and 4thebank.com.