CRE Appraisal

4 months ago


Lincolnwood, United States Wintrust Financial Full time

Wintrust is a financial holding company with approximately $50 billion assets under management and traded on the NASDAQ:WTFC. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries with over 170 banking locations in the greater Chicago and southern Wisconsin market areas. Additionally, Wintrust operates various non-bank business units including commercial and life insurance premium financing, short-term accounts receivable financing, out-sourced administrative services, mortgage origination and purchase, wealth management services and qualified intermediary services for tax-deferred exchanges.

Why join us?

  • An award-winning culture We are rated a Top Workplace by the Chicago Tribune (past 9 years) and Employee Recommended award by the Globe & Mail (past 6 years)

  • Competitive pay and discretionary or incentive bonus eligible

  • Comprehensive benefit package including medical, dental, vision, life, a 401k plan with a generous company match and tuition reimbursement, to name a few

  • Family-friendly work hours

  • With 175+ community bank locations, we offer opportunities to grow and develop in your career

  • Promote from within culture.

Why join this team?

  • We are a high performing, strategic and collaborative team focused on delivering excellent customer service in the commercial real estate lending compliance

  • Standard 8:30-5pm CST hours Monday - Friday. This hybrid position includes both office and a remote work environment

Position Overview:


This position entails preparing technical review reports critiquing third-party prepared Commercial Real Estate (CRE) appraisals and Environmental Assessment reports. This role requires technical knowledge of compliance requirements and proper application of valuation techniques utilized in residential or small commercial appraisal reports and compliance with applicable Standards utilized in various types of Environmental reporting and associated risk assessment.

For valuation review, the RE Analyst/Reviewer must possess knowledge of valuation principles/procedures used for interpreting the reliability and reasonableness of residential and commercial property valuations. USPAP and FIRREA knowledge are a must.

For Environmental assessment review, this candidate will have a good understanding of the American Society of Testing & Materials (ASTM) Standards utilized in environmental assessment reports for due diligence purposes. The Reviewer will ascertain whether a Phase I or type of Environmental Assessment report fulfils compliance requirements that apply and identify potential risk factors.

What you will be doing:

  • Provide written technical review reports of 3rd party prepared commercial appraisals that address compliance with the (Federal) Interagency Appraisal and Evaluation Guidelines, Uniform Standards of Professional Appraisal Practice (USPAP) and Wintrust Financial Corporation Credit Policy.

  • Appraisal Review reports will address completeness, accuracy, adequacy and relevance of data used, and reasonableness of the analysis and conclusions provided in the appraisal report.

  • Should this candidate possess background commensurate with environmental expertise, the CRE Reviewer will provide written review reports critiquing 3rd party prepared Environmental Assessment reports for compliance with current ASTM Standards and potential risk factors.

  • Communicating in a timely manner with our internal lending/credit partners to convey results of the due diligence review reporting is necessary.

  • Communicating with outside 3rd party vendors during our review process to rectify material report errors and/or address other concerns is commonplace.

  • Reviewer to maintain established department Service Level Agreements and will accommodating closing schedules.

  • Reviewer is responsible for timely submission of invoices for all WRES engaged 3rd party reports reviewed.

  • Complete vendor report and service level ratings for all completed review assignments.

  • Continuing education classes, seminars, professional networking activities or other internal (Wintrust University) or external related industry sponsored training to keep abreast of changes in Bank Regulations or other applicable Standards.

Qualifications:

  • Bachelor's degree or equivalent

  • 3-5 years of relevant experience appraising and/or reviewing 3rd party appraisal reports and/or reviewing/preparing ASTM compliant environmental assessments and reporting.

  • Background in environmental services (field experience or requisite education) is desired should the role be geared towards this position and qualification as an Environmental Professional (EP) is preferred.

  • Strong communication skills, both verbally and written.

From our first day in business, Wintrust has been proud to serve a variety of unique communities and people from all walks of life. To be Chicagos Bank and Wisconsin's Bank, we need to reflect that diversity both in all the communities we serve, the people we employ, the organizations we work with, and our banking and lending practices. Wintrust Financial Corporation, including community banking and financial services subsidiaries, is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, national origin, sex, sexual orientation, gender identity and expressions, genetic information, marital status, age, disability, or status as a covered veteran or any other characteristic protected by law.