Commercial Review Appraiser-Onsite

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 $90K-$120K 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.