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Commercial Real Estate Appraiser

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Career Details

Full-Time Newburyport, MA Posted on 6/22/2020

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Commercial Real Estate Appraiser

Regular Full-Time

Newburyport, MA, US

We have a newly created opportunity based in our downtown Newburyport Corporate Office for an experienced:

 Commercial Real Estate Appraiser   

Manages the appraisal bid and review process for the commercial credit department. Receives and reviews all appraisal orders from the commercial lending team. Bids all appraisal assignments and engages qualified appraisers. Manages the appraisal review process to ensure compliance with all regulatory requirements and confirms all resulting LTV requirements are within approval limits.  

Duties and Responsibilities include the following; however other duties may be assigned as dictated by business need:  

1. Manages the bidding, engagement, and review of all commercial appraisal assignments.      

2. Addresses questions and appraisal issues directly with the appraisal vendor and documents the resolutions within the appraisal review process.      

3. Establishes a strong working relationship with all internal and external customers to provide an efficient and effective appraisal process.      

4. Performs an annual review of all approved appraisers and assists the commercial credit department with report preparation and other duties as requested.       

5. Makes recommendations for additions to or removal from the commercially approved appraiser list.      

6. Gathers and assimilates appropriate appraisal data for different property types and different markets to assist with the credit analysis process.      

7. Completes work assignments on a timely basis, meeting applicable deadlines and working independently.       

8. Remains current on all Bank credit policies and existing regulations and verifying conformity.      

9. Assists Commercial Loan Officers with ordering appropriate valuations based upon the type and structure of the commercial loan.      

 Qualifications: Minimum of a Bachelor’s degree with a specialization in business/finance/real estate, in addition to a minimum of 3 + years of experience in a similar type of role. Strong understanding of commercial property valuation methodologies and the ability to translate market data and valuation calculations in appraisal reports. Detail orientation, ability to work successfully with deadlines and time constraints, ability to learn and apply basics of the Bank’s products and services including loan products, self-motivation and decision making skills required. Working knowledge of general banking and lending concepts and principals in addition to strong experience with and understanding of Microsoft applications (Word, Excel and Outlook). Professional demeanor and professional maturity required for working closely with customers, employees, vendors, and members of the Board of Directors.     

 Member FDIC Member DIF EOE/Disabilities/Veterans Equal Housing Lender Bank NMLS# 413282