Job Details
Description
We have an exciting opportunity to join our Appraisals Team! This position will assist the Appraisal Department in all aspects of reviewing third-party appraisals to determine a credible and reasonable opinion of the market value of Commercial real estate to assist in the mortgage lending process. Qualified candidates must have a minimum of 5+ years of experience and a bachelor’s degree is preferred. New York State General Appraiser Certification License (Current and in Good Standing) is required. Estimated starting salary is $95K-$135K per year.
Job Qualifications:
-Minimum 5+ years of recent experience appraising and/or reviewing complex multifamily residential, mixed-use,
and/or commercial properties.
-Bachelor’s degree in Accounting, Finance, Economics, or related field preferred.
-Ability to communicate clearly and concisely in both written and verbal form.
-Ability to solve problems involving multiple facets of variables in non-standardized situations.
-New York State General Appraiser Certification License (Current and in Good Standing) is required.
-Software proficiency in Microsoft Office Suite, including Outlook.
-Knowledgeable, experienced, and familiar with various property types, including office, retail, multifamily, and
cooperatives throughout the New York Metropolitan Area.
-Good organizational and management skills and ability to work independently.
-Knowledge of commonly used real estate database sources includes RealQuest, Comps Inc., CoStar, and Multiple
Listing Service.
Duties and Responsibilities Include:
-Conduct thorough reviews and analyses of completed appraisal reports of income-producing properties, including
multifamily, office, mixed-use, and retail.
-Ensure that valuations are reasonably supported, credible, and compliant with federal and state regulations, USPAP
(Uniform Standards of Professional Appraisal Practice), FIRREA, bank policies and guidelines, and industry standards.
-Opine on the overall reasonableness and reliability of the appraisal reports received.
-Review, analyze, render, and communicate decisions regarding the acceptance of appraisals performed by third-party
vendors.
-Complete internal appraisal assignments for use in loan underwriting decisions.
-Engage in regular communication with and serve as an advisor to Loan Officers and Executive Management on appraisal and real estate valuation matters.
-Conduct property site inspections, as needed.
-Perform other duties of the Bank and Department, which may be required from time to time.