Commercial Review Appraiser

Velocity Commercial•Westlake Village, CA

2d•Onsite

About The Position

Velocity Commercial Capital, LLC, a wholly owned subsidiary of Velocity Financial, Inc., is a real estate finance company founded in 2004. It primarily originates and manages investor loans secured by 1–4-unit residential rental and small commercial properties. The company is seeking a full-time Commercial Review Appraiser based at its offices in Westlake Village, California. The role is accountable for real estate valuation functions and maintaining high service levels and quality in the valuation process. It involves reviewing appraisal reports, validating property information, analyzing commercial real estate cash flows and income projections, working with internal teams and third-party appraisers, and supporting the Chief Appraiser in delivering appraisal services. The position also helps maintain the nationwide approved-appraiser list, conducts monthly revaluations of existing impaired loans, and contributes to special projects and other assigned duties.

Requirements

Hold a Certified General appraiser license.
Have a minimum of 5 years of experience.
Have excellent knowledge of commercial real estate and appraisal practice.
Know USPAP and FIRREA guidelines and regulations pertaining to real estate appraisals.
Have excellent verbal and written communication and customer service skills.
Have solid analytical, organizational, and time-management skills.
Be professional, a quick learner, proactive, detail-oriented, and diligent in follow-through.
Be able to manage multiple tasks and prioritize workflows.
Have strong skills in Word, Excel, and Outlook.

Nice To Haves

Bachelor’s degree preferred.

Responsibilities

Review appraisal reports comprehensively for USPAP, FIRREA, and master credit policy compliance.
Confirm property-level details using data sources and public records to help avoid overstating market value.
Perform cash flow analyses and income projections for commercial real estate.
Follow up with vendors and resolve errors, discrepancies, and valuation issues.
Assist the Appraisal Coordinator with ongoing qualification and documentation of third-party appraiser competencies, coverage areas, and limitations in RIMS.
Interact with account executives, processors, underwriters, and third-party appraisal vendors.
Proactively support the Chief Appraiser in administering appraisal services.
Provide professional and timely customer service to internal and external business customers.
Maintain and expand the nationwide list of approved appraisers.
Perform monthly revaluations on existing impaired loans.
Participate in special projects and perform additional duties as assigned by the Chief Appraiser.