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Collateral Valuation Specialist

Date: Jan 10, 2022

Location: Cooperstown, NY, US, 13326 Enfield, CT, US, 06082 Bedford, NH, US, 03110 Phelps, NY, US, 14532 Greenwich, NY, US, 12834

Company: Farm Credit East

Description/Job Summary

Join a team focused on the success of our customers, the success of our communities, and the success of each other. Farm Credit East is the leading provider of loans and financial accounting services to farmers, foresters, fishermen, and agricultural business owners across the northeast with over $9 billion in loan volume and over $28 million in financial accounting service revenue generated annually. When you pursue a career with Farm Credit East, you have the opportunity to positively impact the families and businesses that drive the Northeast economy.

 

As a Country Living Collateral Valuation Specialist, the successful candidate will facilitate the completion and reduce the turn-around time required for a collateral evaluation/appraisal for rural residential loans and part time farmer loans originated through Farm Credit East’s Country Living loan origination team.  The role includes assisting in the collection of the required information on the property, quoting the evaluation/appraisal fee, coordinating the evaluation/appraisal request through either a third -party appraisal company or a member of our branch-based appraisal team and reviewing evaluations/appraisals completed by a third-party appraisal company for regulatory compliance with Farm Credit System regulations.

 

In addition, this position will collect sales to be included in our sales database, maintain a roster of third-party appraisal firms for each branch location, maintain relationships with these firms and key the required data into Farm Credit East data management system.

 

Team player, positive attitude, strong organizational skills and the ability to work with peers across Farm Credit East are required attributes of the lender.

 

Farm Credit East provides all team members with the training and resources needed to be successful in their careers. All new employees receive one-on-one coaching to help them understand their roles. Additional technical training, soft skill training, and ongoing professional development provided by Farm Credit East will help you be poised for continued career growth within our organization.

 

States Served:  Connecticut, Massachusetts, Maine, New Hampshire, New Jersey, New York, Rhode Island and Vermont.

 

Type of Agriculture: Farm Credit East serves the full time and part time farming, fishing and forestry industries, farm related businesses and rural residents throughout our eight-state region.

 

Responsibilities/Duties

The employee is accountable for the following:

  • Collateral and Sales Research: Reviews and analyzes appraisal reports of staff and outside fee vendors for efficacy of their value conclusions, adherence to technical appraisal theory and methodology governing residential real property, and adherence to the Uniform Standards of Professional Appraisal Practice. Adjudicates value conclusion discrepancies. Requires current and working knowledge of the Uniform Standards of Professional Appraisal Practice, and appraisal theory and methodology governing residential real property. Accountable for quality assurance review of valuation products delivered to Farm Credit East. Identify, analyze and report deficiencies in the valuation product under review that are material and may impact the completeness, adequacy, relevance, and credibility of the appraisal report. Leads or participates in special project(s) as directed by management. Projects could include topics focused on corrections, reconsiderations, or targeted quality assurance risk concerns, process improvement, policy & procedures, or acting as subject matter expert (SME). Maintain knowledge of policy & procedures, Uniform Standards of Professional Appraisal Practice and regulatory guidelines, appraisal theory and methodology governing residential real property. Collect sales for the Farm Credit East database. Additional duties as assigned.
  • Quality Control, Resource Information and Special Projects: Contribute to the maintenance of high-quality appraisals and collateral administration through the objective and accurate review of valuations and collateral documents prepared by Association staff.  Contribute to a well-informed credit and appraisal staff by providing timely and accurate resource information (including benchmarks, market studies and sales databases), effective training, and by completing special projects as required.
  • Marketing: Increase business by means of promotional activities and superior customer service. Provide value to customers with appropriate and timely products and services.
  • Member Relations/Teamwork: Provide outstanding customer service (both internal and external) and deliver exceptional customer experience and value by setting, communicating and meeting customer expectations. Demonstrate a strong community commitment and professional presence that contributes to the overall positive image of Farm Credit East. Act in a forthright and ethical manner, display a positive attitude and contribute positively to the overall morale of the team and association. Assist other team members and contribute to training.   

 

Required Qualifications

This position requires an associate’s degree in Business or a related field. Knowledge of real estate, agriculture, finance, and credit administration is preferred.  A residential appraisal license is preferred.

 

A residential appraisal license is preferred.  Knowledge of agriculture, finances, credit and credit administration. Strong marketing and interpersonal skills are required, as are verbal and written communications and analytical skills. Must be team oriented. The position requires the ability to travel as needed.

           

Farm Credit East is an Equal Opportunity Employer. As an Equal Opportunity Employer, we do not discriminate on the basis of race, color, religion, national origin, sex, sexual orientation, gender identity, age, marital status, disability status, protected veteran status, genetic information or any other status protected by federal, state or local law. It is our goal to make employment decisions that further the principle of equal employment opportunity by utilizing objective standards based upon an individual's qualifications for a specific job opening. In compliance with the Americans with Disabilities Act (“ADA”), if you have a disability and would like a reasonable accommodation in order to apply for a position with Farm Credit East, please call 1-800-562-2235 or e-mail info@farmcreditcareers.com.


Nearest Major Market: Utica