Commercial Real Estate Review Appraiser

First Horizon Bank•Atlanta, GA

8h•Onsite

About The Position

The Commercial Review Appraiser reviews completed real estate appraisals to ensure completeness, accuracy, and compliance with First Horizon Bank Appraisal Risk Management Policy and Procedures.

Requirements

Bachelor's degree from four-year college or university, preferably in a business or real estate related field and a minimum of three years related experience and/or training in real estate appraisal review or banking, with focus on commercial real estate lending preferred; or an equivalent combination of education and experience.
Must be able to meet critical deadlines and manage several projects simultaneously.
Strong written and verbal communication skills including: Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
Must have the ability to write reports, business correspondence, and procedure manuals and to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry and to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.
Ability to define problems, collect data, establish facts, and draw valid conclusions, to interpret an extensive variety of technical instructions in mathematical or diagram form, and deal with several abstract and concrete variables.
Strong computer skills including Microsoft Office products.
Current license/certification such as State Certified General Real Estate Appraiser is required and/or nearing completion of same.

Nice To Haves

Experience with appraisal management procurement software preferred
Familiar with broad trends in the local markets for all property types of commercial real estate and able to analyze available market data, applying such market knowledge to interpreting accuracy of real estate appraisal reports. Must also be aware of any local and/or State ordinances and zoning restrictions that may affect property values.
Knowledge of First Horizon Bank procedures and guidelines in general, plus specific and detailed knowledge of appraisal regulations including FIRREA, the Interagency Appraisal and Evaluation Guidelines, etc.
Knowledge of negotiating skills in order to successfully resolve disputes regarding appraisal fees and interpretations of the adequacy and accuracy of appraisals.
Good interpersonal skills in all dealings with the general public.
Capable of planning all activities, so that all job-related functions may be accomplished efficiently and effectively.

Responsibilities

Assures that all appraisers used by First Horizon Bank are familiar with the guidelines and requirements regarding real estate appraisals, by directly communicating such guidelines and requirements to them.
Prepares RFPs and solicits bids for appraisals, ensuring quality, timing and cost factors are met - Selects pool of appraisers and assigns jobs to selected appraisers.
Reviews all completed real estate appraisals ordered by First Horizon Bank to ensure that: The correct properties have been appraised as ordered; All appropriate valuation concepts have been applied correctly; Comparable values referenced are sufficient in number, and are recent enough to be indicative of current market conditions; Appraiser's opinions of highest and best use are consistent with current market conditions; Assumptions made regarding discount rates marketing period, occupancy rates, depreciation, income and expense streams and any other factors affecting property value are clearly presented and adequately justified; Ensures that valuations are reasonably supported, credible and compliant with federal and state regulations, bank policies and guidelines, and industry standards; All requirements presented in the Appraisal Policy and Procedures have been observed, and the accepted appraisal practices have been followed.
Accepts or rejects appraisals based upon the examination and works with appraisers to correct unsatisfactory appraisals. Coordinates with appraisers for any necessary report corrections and/or revisions.
Evaluates appraisers on job assignments and provides input on eligibility for continued inclusion in the approved appraiser list.
All other duties as assigned