
Credit Investigator and Appraisal Specialist
1 day ago
Qualifications
- Bachelor's Degree in any business or related course, preferably with license in Real Property Appraisal.
- At least 1 year in credit investigation and real property appraisal in a financial institution.
- Knowledge of legal and regulatory framework for real properties.
Key Responsibilities
Quality of CI and Appraisal Reports
- Positive validation of borrowers' residence, business activity and community involvement.
- Careful valuation of collateral thru peer comparison, government valuation and recent sale transactions vis-à-vis current market offer prices.
- Thorough evaluation of the acceptability of collateral confirming there are no errors in the description and actual plot measurements.
- Ensuring authenticity of all collateral documents, using back tracing and other control measures as needed.
Turnaround of CI and Appraisal Reports
- Turnaround of all CI and Appraisal reports are done with the agreed timeframe or earlier.
Compliance
- Compliance with applicable policies and procedures of the Company covering credit investigation, property appraisal, credit evaluation and credit administration.
Scope and Limitation
- Conducts on-site validation of Borrower's loan application details particularly place of residence, business activity, and community involvement.
- Conducts on-site appraisal of offered real estate and chattel collaterals.
- Reviews and validates appraisal reports conducted and submitted by outsourced appraisers (if applicable).
- Gathers property valuation from other banks or other sources of information (Financial Institutions) for property appraisal reference.
- Verifies Tax Declaration for real estate collaterals from the Assessor's Office and conducts title trace backing from the Registry of Deeds to ensure authenticity of documents presented.
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