Appraisal Review Spec II- CT/Westchester NY

TD•White Plains, NY

2d•$91,000 - $145,600•Onsite

About The Position

The Appraisal Review Specialist II reviews, analyzes, and evaluates real estate appraisals and valuations for commercial loans produced by various appraisal vendors. Follows up on vendor valuations, reconciling differences in opinion or perspective. Researches and maintains knowledge of commercial real estate markets and market conditions within areas of responsibility. Reviews and evaluates appraisal companies and individual appraisers for approval to pursue Company appraisal bidding. This seasoned specialist role requires greater experience in reviewing complex commercial appraisals including industrial, special purpose, multi-family and large subdivision/tract developments to ensure work is compliant with federal regulatory guidelines, Bank policy and Uniform Standards of Professional Appraisal Practice.

Requirements

Bachelors degree required
5+ Years of related experience
State Appraiser Certification required
Some appraisal courses, preferably given by the Appraisal Institute
Expert knowledge of commercial real estate appraising and valuation principles and practice
In depth knowledge of legal and regulatory aspects of commercial real estate market
Strong analytical and evaluative skills with the ability to combine numerous disparate pieces of data into a comprehensive structure to improve evaluative accuracy and effectiveness
Excellent interpersonal communications and negotiations skills with the ability to explain interpretive and subjective decisions
Strong prioritization and organizational skills including the ability to establish and change priorities based on sound business reasoning
Demonstrates ability to resolve appraisal issues with lenders and managers in pressure situations
Familiarity with FIRREA and USPAP
Excellent verbal and written communication skills
Ability to interact with, and provide excellent Customer service, to both external and internal Customers
Income capitalization methods
Residential subdivision experience
Strong Customer focus

Nice To Haves

Extensive experience reviewing complex commercial real estate appraisals, including office, mixed-use, industrial, multifamily, special-purpose properties, data centers, and portfolio assignments.
Ensures compliance with Federal Regulatory Guidelines, TD Bank Appraisal Policy, Interagency Appraisal & Evaluation Guidelines, and the Uniform Standards of Professional Appraisal Practice (USPAP).
Prepares internal evaluations using industry and market data and reviews vendor-prepared evaluations.
Proficiency with ARGUS and RIMS preferred.
Demonstrated expertise in the Connecticut and Westchester real estate market.
MAI designation or equivalent experience required.
Connecticut and New York Certification required.
Banking experience preferred, with working knowledge of Lending, Credit, Portfolio Management, and Syndications.
Provides market intelligence and Appraisal Policy guidance to Lending and Credit teams.
Supports and participates in in-house Appraisal Training initiatives across the Bank.
Ability to prioritize and organize assignments in a busy work environment.

Responsibilities

Reviews, analyzes, and evaluates real estate appraisals applying significant industry knowledge and experience to determine adequacy, appropriateness, and reasonableness
Reviews lender prepared internal evaluations and provides guidance when necessary
Researches market data and provides analysis to support a modification of an appraised value
Explains valuation issues and provides insight on the commercial real estate trends
Assists Company commercial loan officers on property inspections and assists with risk analysis when appropriate
Solicits quotes from vendors for appraisal services based on the collateral valuation needs of the Company
Negotiates fees and payment terms for appraisal services; writes clear and convincing appraisal reviews
Keeps commercial loan officers informed of approved appraisal firms and individuals
Develops and manages appraisal and valuation standards for the Company
Participates in policy review and revision projects, applying specific knowledge of commercial real estate to process
Follows up with vendors regarding issues of disagreement on valuations and appraisals; Determines methodologies used and basis for assumptions, comparing to industry standards and specific knowledge of market; May review properties in question through personal inspection to determine final valuation
Resolves appraisal deficiencies with appraisal vendors
Assists Appraisal Section Manager in coaching or training staff that are actively pursuing state appraisal certifications