Overview

Banc of California, Inc. (NYSE: BANC) is a bank holding company headquartered in Los Angeles with one wholly-owned banking subsidiary, Banc of California (the “bank”). Banc of California is one of the nation’s premier relationship-based business banks focused on providing banking and treasury management services to small-, middle-market, and venture-backed businesses. Banc of California offers a broad range of loan and deposit products and services through more than 70 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina, as well as full-stack payment processing solutions through its subsidiary, Deepstack Technologies. The bank is committed to its local communities by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more

Job Summary

Responsible for completing reviews on appraisal reports completed by third party appraisal vendors. This role will ensure that appraisals relied on by the Banc of California (“the company”) are compliant with USPAP (Uniform Standards of Professional Appraisal Practice), FIRREA (Financial Institutions Reform, Recovery, and Enforcement Act), interagency guidelines, company policies and department standards and procedures. Written reports will be prepared in accordance with USPAP Standard 3 and 4 Technical Review criteria. Appraisal report weaknesses and/or areas of non-compliance will be surfaced, and either reconciled with the appraiser, resulting in a revised report, or if appropriate, mitigated through reasonable analysis within the review report itself. This position interacts regularly with internal users of commercial appraisal services and third-party vendors. This position also assists the Appraisal Services Group management in maintaining an appraisal operation that complies with all regulatory requirements, company policies and standards, and industry best practices. Ensures the performance of all duties in accordance with the company’s policies and procedures, all U.S. state and federal laws and regulations, wherein the company operates. This position requires an in office presence with the possibility for a hybrid schedule.

Responsibilities

• Completes USPAP Standard 3 and 4 Technical reviews on commercial appraisal reports to ensure compliance with USPAP, FIRREA, interagency regulations, company policies and department standards and procedures.

• Compiles file memoranda necessary to support review decisions and grades initial appraisal report submission within the YouConnect appraisal platform.

• Interacts directly with third-party appraisal vendors in seeking refinements and/or corrections to weak and/or non-compliant appraisals.

• Serves as job manager for tasks assigned within YouConnect and ensures that property and data inputs are correct and up to date. Maintains correspondence records in YouConnect to time stamp user interfaces.

• Actively pursues answers to questions from requestors and appraisers to expedite the appraisal and review process, and to meet service level agreements.

• Provides training and consultative support to Loan Officers, Underwriters, Managers and fee appraisers.

• Assists Bank Chief Appraiser in the selection of appraisers for assignments, researching appraisers for approval to the panel in underserved markets, and in researching unapproved appraisers whose reports were engaged by other regulated lenders and brought to the company.

• Assists loan and credit personnel with valuation prescreening by reviewing assumptions, researching market data, etc.

• Assists Bank Chief Appraiser by staying current on rules, regulations, standards and advisory opinions to ensure the review process is in compliance and indicative of safe and sound best practices.

• Maintains applicable state certified general appraiser license and attends continuing education seminars/courses as required for licensure, and professional appraisal designation, if applicable.

• Responsible for continually seeking ways to improve the current systems and processes in an effort to reduce turn times, appraisal fees, and meet or beat service level agreements.

• Assists the Bank Chief Appraiser in property and market research for lending personnel in prescreening loans, and credit personnel in identifying risk levels of various real estate markets.

• Assists in gathering and maintaining a searchable database of real estate market reports and statistics.

• Treats people with respect; keeps commitments; inspires the trust of others; works ethically and with integrity; upholds organizational values; accepts responsibility for own actions.

• Demonstrates knowledge of and adherence to EEO policy; shows respect and sensitivity for cultural differences; educates others on the value of diversity; promotes working environment free of harassment of any type; builds a diverse workforce and supports affirmative action.

• Follows policies and procedures; completes tasks correctly and on time; supports the company’s goals and values.

• Performs the position safely, without endangering the health or safety to themselves or others and will be expected to report potentially unsafe conditions. The employee shall comply with occupational safety and health standards and all rules, regulations and orders issued pursuant to the OSHA Act of 1970, which are applicable to one’s own actions and conduct.

• Performs other duties and projects as assigned.

• Demonstrates knowledge of, adherence to, monitoring and responsibility for compliance with state and federal regulations and laws as they pertain to this position including but not limited to the following: Regulation Z (Truth in Lending Act), Regulation B (Equal Credit Opportunity Act), Fair Housing Act (FHA), Home Mortgage Disclosure Act (HMDA), Real Estate Settlement Procedures Act (RESPA), Fair Credit Reporting Act (FCRA), Bank Secrecy Act (BSA) in conjunction with the USA PATRIOT Act, Anti-Money Laundering (AML) and Customer Information Program (CIP), Right to Financial Privacy Act (RFPA, state and federal) and Community Reinvestment Act (CRA)

• Thorough knowledge of USPAP, FIRREA and Interagency Appraisal and Evaluation Guidelines

• Proficient in Argus Lease Analysis software and the YouConnect appraisal platform

• Effective organizational and time management skills

• Intermediate skills in computer terminal and personal computer operation; mainframe computer system; word processing, spreadsheet specialty software programs

• Advanced math skills; calculate interest and percentages; balance accounts; add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals; locate routine mathematical errors; compute rate, ratio and percent

• Effective oral, written and interpersonal communication skills with the ability to apply common sense to carry out instructions, interpret documents, understand procedures, write reports and correspondence, and speak clearly to customers and employees

• Able to make conclusive recommendations and decisions based on independent analysis

• Ability to read, analyze and interpret general business periodicals, professional journals, and technical procedures

• Ability to deal with complex problems involving multiple facets and variables in non-standardized situations

• Ability to work with no supervision while performing duties

Banc of California is an equal opportunity employer committed to creating a diverse workforce. All qualified applicants will receive consideration for employment without regard to age (40 and over), ancestry, color, religious creed (including religious dress and grooming practices), denial of Family and Medical Care Leave, disability (mental and physical) including HIV and AIDS, marital status, medical condition (cancer and genetic characteristics), genetic information, military and veteran status, national origin (including language use restrictions), race, sex (which includes pregnancy, childbirth, breastfeeding and medical conditions related to pregnancy, childbirth or breastfeeding), gender, gender identity, gender expression, and sexual orientation. If you require reasonable accommodation as part of the application process please contact Talent Acquisition Partner.

Qualifications

• Bachelor's degree in accounting, finance, economics or related field required.

• Ten (10) years of combined appraisal and review experience with at least five (5) years reviewing at a regulated bank preferred.

• Experience appraising and/or reviewing simple-to-complex properties.

• Experience appraising and/or reviewing on a nationwide basis preferred.

• State certified general real estate appraiser license and ability to earn licensure within other States where required by local licensing authorities.

• Current driver’s license and a vehicle with appropriate insurance coverage if required to drive in the course of performing assigned duties and responsibilities.

• MAI designation from the Appraisal Institute or other professional organization preferred.

Salary Range: $114,250.00- 156,200.00 USD; Final salary to be determined by the education, experience, knowledge, skills, and abilities of the applicant, internal equity, and alignment with geographic/market data.

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Job Locations US-CA-Santa Ana

ID 2024-3740

Category Enterprise Risk Management

Type Regular Full-Time

Equal Opportunity Employer

PacWest Bancorp and its affiliates are fully committed to the principles of equal opportunity and diversity. We take pride in building a workplace culture where all employees feel supported and respected, and have equal access to career and development opportunities without regard to race, religion/creed, color, national origin, age, marital status, ancestry, sex, gender (including pregnancy, childbirth, breastfeeding or related medical conditions), gender identity/expression, sexual orientation, veteran status, physical or mental disability, medical condition, military status, genetic information, or any other characteristic protected by federal, state or local laws.