Data Center Appraisal Review Spec II (US)

TD Bank • Greenville, NY

1d • Onsite

About The Position

The Appraisal Review Specialist II reviews, analyzes, and evaluates commercial real estate appraisals and valuations prepared by external vendors, as well as internal lender evaluations. The role applies substantial commercial real estate expertise to determine whether appraisals are adequate, appropriate, reasonable, and compliant with federal regulatory guidelines, TD Bank policy, Interagency Appraisal and Evaluation Guidelines, and USPAP. The specialist researches market data and conditions, explains valuation issues and trends, provides market intelligence and appraisal-policy guidance to Lending and Credit teams, and resolves disagreements or deficiencies with vendors and lenders. Property types include data centers, office, mixed-use, industrial, multifamily, special-purpose properties, subdivision and tract developments, and portfolio assignments.

The role develops and manages appraisal and valuation standards, contributes to policy review and revision, solicits and negotiates vendor services, and supports appraisal training and staff coaching. It may involve property inspections and, where appropriate, personal inspection of properties to help determine final valuations. The specialist independently manages complex, time-sensitive assignments in a high-volume environment. The position is based in New York, New York, with occasional domestic travel and no international travel indicated.

Requirements

• Bachelor's degree required.
• At least 5 years of related experience.
• State Appraiser Certification required.
• Expert knowledge of commercial real estate appraising and valuation principles and practice.
• In-depth knowledge of legal and regulatory aspects of the commercial real estate market.
• Strong analytical and evaluative skills, including the ability to synthesize disparate data into a comprehensive structure.
• Excellent interpersonal communication and negotiation skills, including the ability to explain interpretive and subjective decisions.
• Strong prioritization and organizational skills, including the ability to change priorities based on sound business reasoning.
• Ability to resolve appraisal issues with lenders and managers in pressure situations.
• Familiarity with FIRREA and USPAP.
• Excellent verbal and written communication skills and ability to provide customer service to internal and external customers.
• Knowledge of income capitalization methods.
• Residential subdivision experience.
• MAI designation or equivalent experience required.
• Extensive experience reviewing complex commercial real estate appraisals, including data centers, office, mixed-use, industrial, multifamily, special-purpose properties, and portfolio assignments.
• Ability to obtain and maintain additional state licenses as business needs require.

Nice To Haves

• Proficiency with ARGUS and RIMS preferred.
• Some appraisal courses, preferably provided by the Appraisal Institute.
• Five or more years of commercial real estate appraisal and/or appraisal review experience within a financial institution preferred.
• Substantial data center appraisal review experience and active appraisal credentials in multiple states where licensure is required for appraisal review work preferred.
• Florida Certified General Real Estate Appraiser credential preferred.
• Experience working with financial institutions on syndicated transactions and portfolio management preferred.

Responsibilities

• Review, analyze, and evaluate commercial real estate appraisals and valuations prepared by appraisal vendors.
• Review lender-prepared internal evaluations and provide guidance as needed; prepare internal evaluations using relevant industry and market data.
• Ensure appraisal work complies with federal regulatory guidelines, TD Bank Appraisal Policy, Interagency Appraisal and Evaluation Guidelines, and USPAP.
• Research commercial real estate market data and conditions and provide analysis supporting possible modifications to appraised values.
• Explain valuation issues and provide insight into commercial real estate trends and market intelligence to Lending and Credit teams.
• Follow up with vendors regarding disagreements, determine valuation methodologies and assumptions, compare them with industry standards and market knowledge, and resolve appraisal deficiencies.
• Assist commercial loan officers with property inspections and risk analysis when appropriate; personally inspect properties when needed to help determine final valuation.
• Solicit vendor quotes for appraisal services, negotiate fees and payment terms, and prepare clear and convincing appraisal reviews.
• Keep commercial loan officers informed about approved appraisal firms and individual appraisers; review appraisal companies and appraisers for approval to bid on Company assignments.
• Develop and manage Company appraisal and valuation standards and participate in policy review and revision projects.
• Support and participate in in-house appraisal training initiatives and assist the Appraisal Section Manager with coaching or training staff pursuing state appraisal certifications.
• Prioritize, organize, and independently manage complex, time-sensitive assignments in a high-volume work environment.

Benefits

• Health and well-being benefits
• Savings and retirement programs
• Paid time off, including Vacation PTO, Flex PTO, and Holiday PTO
• Banking benefits and discounts
• Career development
• Reward and recognition
• Training programs
• Online learning platform and mentoring programs
• Variable compensation and incentive awards, which may include cash and/or equity awards subject to plan eligibility

What This Job Offers

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