Appraisal Coordinator
An Appraisal Coordinator manages the appraisal process by ordering and tracking appraisals, ensuring compliance with regulations, and acting as a liaison between appraisers, lenders, and clients.
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Sample Job Descriptions for Appraisal Coordinator
Below are the some sample job descriptions for the different experience levels, where you can find the summary of the role, required skills, qualifications, and responsibilities.
Junior (0-2 years of experience)
Summary of the Role
An Appraisal Coordinator assists in managing the appraisal process for real estate transactions. They are responsible for coordinating with appraisers, lenders, and real estate agents to ensure timely and accurate property valuations. The ideal candidate is organized, detail-oriented, and has excellent communication skills.
Required Skills
- Effective communication and interpersonal skills
- Attention to detail
- Problem-solving abilities
- Customer service orientation
- Basic understanding of real estate markets and valuation techniques
- Adaptability and willingness to learn new systems and procedures
Qualifications
- Bachelor's degree in a relevant field or equivalent work experience
- Understanding of real estate and appraisal terminology
- Proficiency in office applications such as Microsoft Office suite
- Strong organizational and time management skills
- Ability to multitask and prioritize in a fast-paced environment
Responsibilities
- Coordinate and schedule property appraisals with various stakeholders
- Maintain a database of appraisal orders and their statuses
- Ensure compliance with all applicable laws and regulations regarding real estate appraisals
- Communicate effectively with appraisers, lenders, and real estate agents
- Review and verify appraisal reports for completeness and accuracy
- Provide administrative support to the appraisal team
- Handle customer inquiries regarding the appraisal process
- Track and follow up on pending appraisal orders
Intermediate (2-5 years of experience)
Summary of the Role
An Appraisal Coordinator facilitates the appraisal process in various transactions, particularly in real estate. They serve as the liaison between the company, appraisers, and clients, ensuring accurate and timely appraisals. The role requires strong organizational and communication skills, attention to detail, and an understanding of appraisal procedures.
Required Skills
- Strong organizational and project management skills.
- Excellent verbal and written communication.
- Proficient in MS Office and appraisal software.
- Ability to work under pressure and meet tight deadlines.
- Detail-oriented with excellent problem-solving skills.
Qualifications
- Bachelor's degree in Business, Real Estate, or a related field preferred.
- Minimum of 2 years experience in real estate, appraisal coordination, or a similar role.
- Understanding of appraisal methods and legal standards.
- Familiarity with appraisal software and tools.
- State certification or licensing for real estate appraisal coordination might be required.
Responsibilities
- Coordinate and schedule appraisals with appraisers and clients.
- Ensure all appraisal reports are compliant with local, state, and federal regulations.
- Review appraisal reports for accuracy and completeness.
- Maintain a database of appraisers, including their qualifications and areas of expertise.
- Communicate effectively with all parties involved in the appraisal process.
- Manage multiple appraisal orders simultaneously and prioritize as necessary.
- Troubleshoot and resolve issues that may arise during the appraisal process.
- Prepare and provide periodic reports to management on appraisal status and issues.
Senior (5+ years of experience)
Summary of the Role
The Appraisal Coordinator is a critical member of the real estate and property management team, responsible for overseeing the appraisal process of various properties. This role involves coordinating with appraisers, lenders, and other stakeholders to ensure timely and accurate property valuations. An experienced coordinator will manage multiple appraisals, ensure compliance with regulations, and maintain communication with all parties involved.
Required Skills
- Strong organizational and project management abilities.
- Excellent interpersonal and communication skills.
- Detail-oriented with a strong analytical aptitude.
- Ability to handle multiple tasks and prioritize effectively.
- Proficiency in using appraisal software and Microsoft Office Suite.
- Knowledge of real estate markets and property valuation techniques.
- Problem-solving skills and the ability to mediate disputes.
Qualifications
- A minimum of 5 years of experience in real estate valuation or a related field.
- Bachelor's degree in Business, Real Estate, or a related discipline is preferred.
- Certified Residential or General Real Estate Appraiser credential is highly desirable.
- Familiarity with all appraisal-related regulations and guidelines.
- Experience working with valuation management software.
Responsibilities
- Manage the scheduling, tracking, and status reporting of property appraisals.
- Serve as the primary liaison between appraisers, lenders, real estate agents, and clients.
- Review appraisal reports for accuracy and compliance with industry standards.
- Facilitate dispute resolution and address any issues arising from the appraisal process.
- Ensure all appraisal activities are compliant with federal, state, and local regulations.
- Provide guidance and support to junior staff and participate in training initiatives.
- Maintain organized records of all appraisals and related documentation.
- Analyze appraisal reports to assist with decision-making processes.
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