Appraiser III (Senior Commercial Real Estate Appraiser)

Capital One • Richmond, VA

3d • Hybrid

About The Position

The Appraiser III (Senior Commercial Real Estate Appraiser) provides technical oversight, quality control, and compliance review 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 is a hybrid position, subject to Capital One’s policy regarding required on-site presence at the designated office location. The role is eligible for performance-based incentive compensation, which may include cash bonuses and/or long-term incentives. The listed full-time annual salary ranges are $177,700–$202,800 in McLean, Virginia, and $161,500–$184,300 in Richmond, Virginia. Salary for other locations depends on the applicable local pay range.

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

• At least 6 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.
• 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 acceptances or rejections of appraisal reports and work with staff and fee appraisers to resolve deficiencies or errors.
• Perform internal real estate valuations for bank use when required.
• Serve as a subject matter expert on real estate 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 appropriate allocation, competitive fee optimization, and adherence to 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 advise on technical appraisal deficiencies.
• Oversee workflow tracking systems to monitor request statuses and ensure timely delivery of final reports to loan officers.

Benefits

• Comprehensive health, financial, and other benefits supporting total well-being.
• Performance-based incentive compensation, which may include cash bonuses and/or long-term incentives.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior