Commercial Real Estate Review Appraiser

Location

Summary

The Commercial Review Appraiser reviews completed real estate appraisals to ensure completeness, accuracy and compliance with First Horizon Bank Appraisal Risk Management Policy and Procedures

Essential Duties and Responsibilities

• Assures that all appraisers used by First Horizon Bank are familiar with the guidelines and requirements regarding real estate appraisals, by directly communicating such guidelines and requirements to them.
• Prepares RFPs and solicits bids for appraisals, ensuring quality, timing and cost factors are met - Selects pool of appraisers and assigns jobs to selected appraisers.
• The Commercial Review Appraiser is capable of reviewing all completed real estate appraisals ordered by First Horizon Bank, and reviews them to ensure that: - The correct properties have been appraised as ordered; - All appropriate valuation concepts have been applied correctly; - Comparable values referenced are sufficient in number, and are recent enough to be indicative of current market conditions; - Appraiser's opinions of highest and best use are consistent with current market conditions; - Assumptions made regarding discount rates marketing period, occupancy rates, depreciation, income and expense streams and any other factors affecting property value are clearly presented and adequately justified; and - Ensures that valuations are reasonably supported, credible and compliant with federal and state regulations, bank policies and guidelines, and industry standards - All requirements presented in the Appraisal Policy and Procedures have been observed, and the accepted appraisal practices have been followed.
• Accepts or rejects appraisals based upon the examination and works with appraisers to correct unsatisfactory appraisals. Coordinates with appraisers for any necessary report corrections and/or revisions
• Knowledge of First Horizon Bank procedures and guidelines in general, plus specific and detailed knowledge of appraisal regulations including FIRREA, the Interagency Appraisal and Evaluation Guidelines, etc.
• Knowledge of negotiating skills in order to successfully resolve disputes regarding appraisal fees and interpretations of the adequacy and accuracy of appraisals.
• Good interpersonal skills in all dealings with the general public.
• Capable of planning all activities, so that all job-related functions may be accomplished efficiently and effectively.
• Familiar with broad trends in the local markets for all property types of commercial real estate and able to analyze 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.
• Evaluates appraisers on job assignments and provides input on eligibility for continued inclusion in the approved appraiser list
• All other duties as assigned

Qualifications

To perform this job successfully, an individual must be able to perform each essential duty requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.

Bachelor's degree from four-year college or university, preferably in a business or real estate related field and a minimum of three years related experience and/or training in real estate appraisal review or banking, with focus on commercial real estate lending preferred; or an equivalent combination of education and experience.

Must be able to meet critical deadlines and manage several projects simultaneously. Strong written and verbal communication skills including: Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental have the ability to write reports, business correspondence, and procedure manuals and to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.

High Skills: Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry and to apply concepts such as fractions, percentages, ratios, and proportions to practical High Skills: Ability to define problems, collect data, establish facts, and draw valid conclusions, to interpret an extensive variety of technical instructions in mathematical or diagram form, and deal with several abstract and concrete variables.

Computer and Office Equipment Skills

Strong computer skills including Microsoft Office products

Experience with appraisal management procurement software preferred

Certificates, Licenses, Registrations

Current license/certification such as State Certified General Real Estate Appraiser is required and/or nearing completion of same.

About Us

First Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank.

Benefit Highlights

• Medical with wellness incentives, dental, and vision
• HSA with company match
• Maternity and parental leave
• Tuition reimbursement
• Mentor program
• 401(k) with 6% match