Mortgage Valuation Officer Consumer Banking 16N25

The Mortgage Valuation Officer in Consumer Banking plays a crucial role in assessing and determining the value of properties during the home loan process. This role is essential in ensuring that the bank's lending decisions are backed by accurate property valuations, minimizing risks for both the institution and the borrowers. As a Mortgage Valuation Officer, you will collaborate with a team of financial professionals to provide precise valuations on residential properties that are up for mortgage application. You will evaluate market conditions, interpret complex data, and utilize valuation software, simultaneously leveraging your in-depth knowledge of property markets and financial regulations. This position requires attention to detail, analytical skills, and the ability to communicate effectively with clients and internal teams. Your expertise will support decision-making processes that align with the bank's strategic objectives, ensuring customer satisfaction and compliance with legal standards.

Responsibilities

• Conduct thorough property inspections to assess the market value accurately.
• Analyze economic trends and local property markets for informed valuation decisions.
• Prepare detailed valuation reports for mortgage applications, adhering to company standards.
• Utilize specialized software to collect and interpret property data efficiently.
• Collaborate with loan officers to determine accurate loan-to-value ratios.
• Verify documentation provided by clients and third parties for authenticity and accuracy.
• Maintain up-to-date records of property valuations and report to senior management.
• Ensure compliance with legal and regulatory standards in all valuation processes.
• Communicate valuation findings effectively with clients and internal stakeholders.
• Recommend adjustments in valuation approaches based on changing market conditions.
• Provide expert advice and guidance on real estate trends and valuation techniques.
• Participate in continuous professional development to remain current with industry best practices.

Requirements

• Bachelor's degree in Finance, Real Estate, or related field preferred.
• Minimum of 3 years experience in property valuation or related role.
• Proficiency with valuation software and property databases is essential.
• Strong knowledge of current real estate market trends and dynamics.
• Excellent analytical and problem-solving skills with attention to detail.
• Effective communication skills for both written reports and verbal discussions.
• Ability to work independently and manage multiple projects simultaneously.
• Knowledge of banking regulations and compliance requirements is advantageous.
• Certification from a recognized real estate or valuation body is a plus.
• High level of integrity and professionalism in handling confidential information.