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First Merchants Corporation · 19 hours ago

Review Appraiser

Farmington Hills, MI

Full-time

Onsite

Senior Level

5+ years exp

First Merchants Bank is seeking a Review Appraiser to join their team. This role is responsible for evaluating the credibility and accuracy of real estate appraisal reports to support the bank's lending decisions, ensuring compliance with regulations and internal policies.

Financial Services

Responsibilities

Scope commercial appraisal reports using data provided by the lending team to appropriately address the appraisal problem. If the information provided is incomplete or unclear, work with lending partners to gain an understanding of the collateral and the appropriate requirements for the appraisals

Review narrative, commercial appraisal reports to ensure acceptable appraisal methodologies and techniques are utilized. Verify that the appraisal reports under review conform with USPAP, First Merchants minimum standards, and all applicable regulations

Work with third-party appraisal vendors and bank partners to resolve deficiencies in appraisal reports

Prepare appraisal review reports and narrative that are in compliance with the Uniform Standards of Professional Appraisal Practice (USPAP) (Standard #4)

Monitor market sources, investment data and financial markets to remain current on real estate market trends

Work closely with loan production staff to address questions they or the customer may have about appraisal reports

Educate colleagues on compliance-related issues related to regulations, USPAP and First Merchants appraisal policy and procedures. Coach colleagues in the use of the appraisal ordering and management platform

Escalate issues to the Managing Director, Commercial Appraisal Review when appropriate