Real Estate Specialist

Woburn, MA
Full Time

The Real Estate Specialist is responsible for managing and enhancing Northern Bank’s collateral valuation program for all real estate lending activity in adherence to all applicable federal and state regulations. Conduct compliance and desk reviews of appraisals and environmental reports to ensure adherence with Bank Policy and Guidelines, Uniform Standards of Professional Appraisal Practice (USPAP), and the EPA All Appropriate Inquiry Rule.


  • Engage appraisers and environmental professionals as appropriate for the Bank’s real estate related transactions.
  • Select, monitor, and evaluate the performance of appraisers and environmental professionals
  • Maintain an approved vendor list as well as policy and procedures for compiling such list.
  • Determine the level of and perform the review of appraisals and environmental reports which will be used to support Bank's decision to complete a real estate transaction.
  • Document the findings of commercial and residential appraisals upon receipt and determine whether the Bank should accept said report.
  • Communicate directly with appraisers and environmental professionals in conjunction with such review on an as needed basis.
  • Work with the Bank’s Portfolio Management Team to enhance the Bank’s reporting of collateral information.
  • Perform internal real estate valuations as needed on collateral which is determined to not need a 3rd party appraisal report.
  • Assist the loan review staff with re-valuations of real estate as needed.


  • Minimum Three (3) years of experience in Real Estate Appraisals involving commercial real estate (multi-family, office, industrial, hospitality; special purpose properties, etc.) and residential real estate.
  • State Certified Appraiser with M.A.I. designation is preferred but not required.
  • Must possess related regulatory knowledge and experience including FIRREA and USPAP.
  • Must possess strong organizational and computer skills.
  • Bachelor's Degree in Real Estate, Finance, Accounting or Economics preferred.

About Northern Bank & Trust Company

Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of over $3 billion with 13 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender. For more information on online banking services, please visit or follow Northern Bank on Facebook (/NorthernBankM A/), Twitter (@northernbankma), Instagram (@northernbankma) and LinkedIn (company/northern-bank-ma/).


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