Commercial Review Appraiser

Commercial Review Appraiser, Harwood Heights, IL

Hours for this Commercial Review Appraiser opening are Monday/Tuesday/Thursday/Friday 8:30am – 4:30pm and Wednesday from 8:30am – 3:30pm Hours may change based on the needs of the company. This Commercial Review Appraiser position is 100% Onsite and NOT Remote.

We are looking for a Commercial Review Appraiser in Harwood Heights, IL. As a Commercial Review Appraiser, you will be responsible for reviewing a variety of property types (including, SFR, Multi-family, land, industrial, office, mixed use, retail shopping center, mall, hospitality, assisted living/nursing/health care, special use, etc.). You will engage 3rd party vendors to prepare appraisal reports on real property offered as collateral in connection with various loan transaction requests. You will also be responsible for reviewing and analyzing reports upon receipt for compliance with federal and state regulations including FIRREA, and Uniform Standards of Professional Appraisal Practice and reasonableness of value conclusion (including the internal modification of the external value conclusion as warranted). You will deal with moderate to complex assignments; diversified duties and the coordination of related assignments are typical. Excellent judgment and independent decision making are required for moderately complex issues. A thorough knowledge of appraisal theory and experience utilizing the three approaches to market value of real estate are necessary to be successful in this role. Current experience in valuing and/or reviewing a variety of property types is required.

Responsibilities:

– Ensure appropriate real estate valuations are obtained and reviewed. The report will be analyzed upon receipt for compliance with bank lending policies, USPAP, FIRREA and Interagency Appraisal and Evaluation Guidelines (FDIC).
– Assist in the ordering, review, and quality control of real estate appraisals and evaluations, as needed based on transaction volumes.
– Answer questions from appraisers, credit analysts and loan officers regarding ongoing appraisal orders.
– Evaluate the validity of existing appraisals for subsequent transactions and portfolio monitoring purposes.
– Receive and file new appraisal requests from loan production staff; send and receive appraisal quotes to/from outside appraisal vendors.
– Maintain and update internal database with appraisal data including quotes, orders, appraisal reports and reviews.
– Correspond with appraisal vendors as needed to update ongoing status of appraisal orders as well as provide pertinent file information to appraisers.
– Correspond with Loan Officers regarding appraisal status.
– Adhere to all bank policies, procedures, and regulations.
– Keep workstation and common areas neat, orderly and well supplied.
– Attend all scheduled meetings and training sessions; some may be scheduled outside of the Bank, or outside regular working days or hours.
– Complete all compliance courses by assigned dates and adheres to all compliance related requirements.
– Perform other duties as assigned by management.

Qualifications:

– Minimum of 5 years in the appraisal industry as an appraiser or as a review appraiser for a financial institution.
– Must be an Illinois State Certified General Real Estate Appraiser.
– Proficient with Microsoft Office.
– Excellent judgment and independent decision making required for moderately complex issues.
– Current experience in valuing and reviewing a variety of property types is required.
– Possess excellent customer service and communication skills to effectively communicate between bank underwriters and appraiser vendors.
– High level of dependability and intelligence.
– Ability to manage multiple projects simultaneously and to keep players informed as to status.
– Ability to recognize issues that should be escalated within the chain of command and do so proactively.
– Excellent problem solving, oral and written communication skills.
– Familiar with broad trends in the local markets for residential (single and multi-unit), retail, industrial and commercial real estate, as a result of experience, personal contacts and analysis of available market data, applying such market knowledge to interpreting accuracy of real estate appraisal reports.
– Must also be aware of any local and/or State ordinances and zoning restrictions that may affect property values.

Benefits include medical insurance, retirement plan, PTO, etc. Salary: 80K+ DOE. Keywords: Harwood Heights IL Jobs, Commercial Review Appraiser, Appraisal Industry, Appraiser, Financial, Illinois State Certified General Real Estate Appraiser, MS Office, Property Value Experience, Illinois Recruiters, Information Technology Jobs, IT Jobs, Illinois Recruiting

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