Senior Commercial Appraisal Reviewer

This position is responsible for ordering and reviewing commercial real estate appraisals and evaluations. This position will also be required to advise Bank personnel on matters of type of appraisal, types of values needed, and required valuation scenarios. Must be able to communicate requirements to external fee appraisers and know which service providers are most appropriate for a particular assignment.

Essential Responsibilities :

• Competently understand a moderately high level of complexity of real estate taken as collateral by the Bank. Must be able to advise Bank personnel on matters of type of appraisal, types of values needed, and required valuation scenarios. Must be able to communicate requirements to external fee appraisers and know which service providers are most appropriate for a particular assignment.
• Perform technical and administrative reviews of commercial real estate appraisals for compliance with law and policy, and for reasonableness and quality.
• If necessary, modify values in appraisals, when warranted and support the decision to do so according to the Interagency Appraisal & Evaluation Guidelines, USPAP and FIRREA requirements.
• Resolve valuation differences / discrepancies between Appraisers and Loan Production staff while maintaining Appraiser Independence.
• Manage the appraisal workflow and prepare Reviews on complex commercial properties, Evaluations including Validations.
• Consult with Bank personnel on all matters of real estate valuation, market data, and / or environmental risk assessment.
• Maintain knowledge of real estate value trends and property developments to ensure valuations conform to current market conditions.
• Assist Lenders and Loan operations throughout the bank’s footprint and act as a resource for real estate valuation concerns / questions. Acts as a mentor to other personnel in the Appraisal Services Department and delivers positive feedback.
• Assist the Director of Appraisal Services in maintaining the Appraisal Policy and related documents.
• Assist the Director of Appraisal Services with maintenance and quality control of the Bank’s Approved Appraiser list.
• Maintain effective relationships with external fee appraisers and other vendors.
• Adhere to all applicable laws and regulations governing bank operations, including compliance with TowneBank policies, laws, and regulations applicable to the role.
• Adheres to applicable federal laws, rules, and regulations including those related to Anti-Money Laundering (AML) and the Bank Secrecy Act (BSA)
• Other duties as assigned

Minimum Required Skills & Competencies :

Desired Skills & Competencies :

Physical Requirements :

Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities

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