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Valley Bank · 3 months ago

Staff Appraiser - Commercial

Wayne, NJ, 07470, United States

Full-time

Onsite

Lead/Staff

Valley Bank is a financial institution seeking a Staff Appraiser for their commercial appraisal department. The role involves maintaining contact with various departments, processing appraisal requests, reviewing appraisals, and ensuring compliance with industry standards.

Banking

H1B Sponsor Likely

Responsibilities

Maintain contact with various departments to resolve problems relative to requests for appraisal work

Monitor and evaluate the impact of changes in the commercial appraisal profession and recommend changes in official Valley National Bank Appraisal policies and procedures as appropriate

Responsible for processing appraisal requests and customer billing to ensure that the skill level of outside fee appraisers is sufficient and that the fee quotes are reasonable

Review appraisals to ensure that the methodology, market data and analysis are reasonable and that the report conforms to USPAP and Valley National Bank standards

Travel to properties for primary inspections as well as Field Construction Inspections

Search, Set-up and review of new appraisal firms for FF-E and Business Valuations for new territories which the bank has expanded into

Make specific recommendations for the addition of Commercial and Special-Use Property Appraisers to Valley National Bank's Approved Appraiser List

Perform appraisals for various departments within the bank, including the commercial loan department for Quality Control Purposes and validation of samples. These appraisals are performed monthly on a sample group of closed loans to meet underwriting guidelines

Review quality control appraisals performed by outside appraisal firms to the results of the original appraisals and track results

Review environmental reports to ensure that the methodology, market data and analysis are reasonable and that the report conforms to ASTM and Valley National Bank standards

Qualification

Commercial AppraisalUSPAP ComplianceQuality ControlEnvironmental Reports ReviewAppraisal MethodologyAnalytical SkillsCommunication Skills

Required