Appraiser III (Senior Commercial Real Estate Appraiser)
About The Position
The Appraiser III (Senior Commercial Real Estate Appraiser) is responsible for technical oversight, quality control, and regulatory compliance of commercial real estate appraisal reports across Capital One Bank. The role ensures valuations adhere to federal regulations, accepted industry practices, and Capital One Appraisal Policy and Standards. It also provides advisory support to Commercial Real Estate lenders, mentors junior team members, maintains the bank’s approved appraiser vendor list, and supports team leadership when the Valuations Director is absent. This position reviews appraisal accuracy, methodology, and compliance; verifies property details, highest-and-best-use analyses, rates, market assumptions, and comparable sales; and formally accepts or rejects reports while helping resolve deficiencies. It may also perform internal valuations. The role provides subject-matter expertise across bank departments, supports loan pre-approval and portfolio due diligence, and oversees vendor qualification, appraisal assignment allocation, fee optimization, and turnaround times. It tracks workflow and report delivery. This is a hybrid position, subject to Capital One’s hybrid policy and required on-site presence at the designated office.
Requirements
- Bachelor’s degree in Real Estate, Finance, or Economics, or military experience.
- At least 6 years of professional real estate appraisal or valuation review experience.
Nice To Haves
- 6 or more years of professional real estate appraisal or valuation review experience in commercial real estate or banking.
- Certified General Real Estate Appraiser license or MAI designation.
- Strong knowledge of USPAP, FIRREA, and federal banking regulations governing real estate collateral.
- Experience evaluating complex commercial property types and market analysis models.
- Experience reviewing appraisals for new construction LIHTC developments and understanding of the IRS Section 42 Housing Program and rent restrictions relative to HUD’s Area Median Income (AMI).
Responsibilities
- Review completed real estate appraisals for accuracy, methodology, and compliance with bank policy and regulatory guidelines.
- Verify property specifics, highest-and-best-use analyses, capitalization and discount rates, market assumptions, and comparable sales data.
- Issue formal appraisal acceptances or rejections and work with staff and fee appraisers to resolve deficiencies or report errors.
- Perform internal real estate valuations for bank use when required.
- Serve as a subject-matter expert on appraisal programs and valuation policies across bank departments.
- Assist Commercial Real Estate lenders with pre-approval analysis of prospective loans and collateral.
- Support due diligence analyses on loan portfolios for potential bank mergers and acquisitions.
- Onboard and maintain a qualified panel of independent third-party appraisers, including current credentials, work samples, and reference checks.
- Communicate appraisal guidelines, scope requirements, and regulatory expectations to external vendor partners.
- Monitor appraisal assignments for proper allocation, competitive fee optimization, and compliance with turnaround timelines.
- Serve as a secondary point of contact and operational lead for the Real Estate Valuations team when the Director is absent.
- Mentor junior appraisers and provide guidance on technical appraisal deficiencies.
- Oversee workflow tracking systems to monitor request status and ensure timely delivery of final reports to requesting loan officers.
Benefits
- Comprehensive, competitive, and inclusive health, financial, and other benefits supporting total well-being.
- Eligibility for performance-based incentive compensation, which may include cash bonuses and/or long-term incentives.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
