Business Banking Real Estate Specialist

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WECU is seeking a Business Banking Real Estate Specialist to join our Business Banking team located in Bellingham, WA. The Business Banking Real Estate Specialist facilitates, implements, reviews, and supports processes related to real property collateralized business loans to assure that such loans are managed in a safe and sound manner in accordance with credit union policy and regulatory requirements.

RESPONSIBILITIES:

• Manage the Business Banking appraisal process. Request appraisal bids, order appraisals, order appraisal reviews, ensure appraisers are completing the full scope of the assignment. Provide appraisers with feedback on quality issues; identify and escalate appraisal concerns. Maintain approved appraiser and review appraiser lists.
• Complete real estate evaluations in compliance with Interagency Guidelines. If not fully experienced, exhibits potential to train and develop experience in appraisal methodology to complete real estate evaluations.
• Complete residential appraisal reviews. If not fully experienced, exhibits potential to be trained and develop experience in appraisal methodology to complete residential appraisal reviews.
• Perform required annual site visits on properties within the business loan portfolio.
• Administer construction loans. Process construction draws requests in accordance with credit union policies, work with borrower, contractor, and loan officer for receipt of draw conditions and requirements, order inspections.
• Order title policy endorsements (e.g., date down, survey, foundation)
• Administer environmental due diligence. Coordinate the ordering, distribution and tracking of environmental due diligence reports. Actively works with borrowers, environmental consultants, and loan officers.
• Provide training to appropriate staff when necessary.
• Provide reports when requested by management.
• Follow all policies and procedures related to any banking and business lending regulations.
• Complete mandatory training annually and as assigned.
• Performs other duties as assigned.
• Follows WECU's policies and all applicable laws and regulations.
• Performs other duties as assigned and may also assist others to complete tasks and work assignments.

QUALIFICATIONS:

• Bachelor's degree with a field of study preference in Business Administration, Finance, Real Estate or significant relevant experience.
• Minimum 3-5 years of experience in appraisal operations, or real estate administration and construction loan administration or draw management.
• Knowledge of title insurance, surveys, escrow, and lien laws.
• Strong knowledge of appraisal theory and methods, USPAP, FIRREA, and Interagency Appraisal and Evaluation Guidelines.
• Strong understanding of construction processes, budgets and documentation (e.g., AIA Forms, lien waivers).
• Knowledge of various loan structures, loan documents, the Credit Union's Business Loan Policies and Procedures and working knowledge of the credit union's products, services, and systems.
• Familiarity with environmental due diligence processes and regulatory frameworks.
• Working knowledge of federal and state lending trends and regulations.
• Ability to perform detailed, analytical work and make independent decisions.
• Effective written and verbal communication skills.
• Ability to exercise judgment, initiative, and tact in dealing with membership, management, and staff.
• Ability to represent the credit union in a positive, professional manner in person, on the telephone, and in written correspondence.

NOTE: s are not intended, and should not be construed, to be exhaustive lists of all responsibilities, skills, efforts, or working conditions associated with a job.

COMPENSATION:

The salary range for this position is from $37.08 to $52.34 per hour.

WECU provides a comprehensive benefits package that includes medical, dental, and vision benefits, 401(k) retirement plan with an 8% annual contribution from WECU, bonus plan, two or more weeks of vacation, up to 11 paid holidays, paid life and disability insurance, annual wellness benefit, loan discounts, professional development, and much more.

ABOUT WECU:

WECU is a not-for-profit financial cooperative where members are encouraged to save and borrow responsibly at fair and competitive rates. Headquarters in Bellingham, WA, WECU has over 160,000 members and over $3 billion in assets.

It is WECU's mission to make a meaningful difference in the lives of our members. We strive to treat both members and staff with honesty and integrity and to be a socially responsible part of our community. WECU also endeavors to be an employer of choice.

WECU is an Equal Opportunity Employer that is committed to diversity and inclusion in the workplace. We make employment decisions based on merit and qualifications and seek to have the best qualified person in every job. WECU policy prohibits discrimination based on race, color, religion, creed, sex, gender, sexual orientation, gender identity, marital status, age, national origin, or ancestry, physical or mental disability, veteran status, genetic characteristics or information, or any other consideration made unlawful by federal, state, or local laws.