APPRAISAL MANAGER leads a team of appraisers conducting assessments, valuations, and appraisal reviews of real estate, land, and other personal property to establish the market value generally used for lending, insurance, or other purposes. Establishes processes for conducting on-site inspections of property and data collection required to perform valuations. Being an APPRAISAL MANAGER follows generally accepted appraisal practice concepts and practices to perform data analysis, develop valuation estimates, and write comprehensive reports and exhibits. Ensures appraisal documentation and appraiser certification comply with all regulations. Additionally, APPRAISAL MANAGER performs appraisal quality reviews to ensure appropriate valuation and minimize risk. Creates process efficiencies with appraisal software tools and databases. May require a bachelor's degree. Has the Member of the Appraisal Institute (SRPA) or similar designation. Requires a State Appraiser License. Typically reports to a director. The APPRAISAL MANAGER manages subordinate staff in the day-to-day performance of their jobs. True first level manager. Ensures that project/department milestones/goals are met and adhering to approved budgets. Has full authority for personnel actions. To be an APPRAISAL MANAGER typically requires 5 years experience in the related area as an individual contributor. 1 - 3 years supervisory experience may be required. Extensive knowledge of the function and department processes. (Copyright 2024 Salary.com)
Description
The Certified General Appraisal Reviewer is responsible for ensuring the timely and accurate review of or assistance with reviewing appraisal reports and market studies, coordinating comments and requested revisions to appraisal vendors alongside Merchants’ underwriting platforms, and providing timely feedback on appraisal vendors to our 3rd Party Report Analyst who maintains the Approved Vendor List. All reviews and interactions with appraisers should be in accordance with agency and Merchants guidelines. Responsibilities also include but are not limited to participating in developing training schedules and material, as well as advising/assisting originations and underwriting departments regarding questions on value(s) or methodologies within appraisals.
A successful Certified General Appraisal Reviewer will understand appraisal methodology, including USPAP and FIRREA requirements, and understand the appraisal report within the overall underwriting process. While opportunities for advancement at Merchants vary widely, the individual in this position will gain experience and knowledge that primarily equips them to maintain quality control of appraisal reports for underwriting purposes and risk mitigation.
After one year as a Certified General Appraisal Reviewer, you will know you were successful if you…
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ABOUT MERCHANTS CAPITAL
With over 30 years of success built on putting people first, Merchants Capital is a proven leader in financing for multifamily housing nationwide. Our licenses with Fannie Mae, Freddie Mac, and HUD/FHA, in addition to our bank’s balance sheet products, allow us to offer custom solutions with agility and ease of execution, expanding access to housing in meaningful and impactful ways. Recognized as a top five affordable lender, Merchants Capital pairs our comprehensive debt offerings with in-house tax credit equity to provide a one-stop-shop for developers and owners. To learn more about Merchants Capital, visit www.merchantscapital.com.
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