Commercial Review Appraiser at Ridgewood Savings Bank
- Location
- Lake Success, New York
- Type
- Full-Time
- Salary
- $90,000 - $120,000
About the job
We have an exciting opportunity to join our Appraisals Team! This position will assist the Appraisal Department in all aspects of reviewing third-party appraisals to determine a credible and reasonable opinion of the market value of Commercial real estate to assist in the mortgage lending process. Qualified candidates must have a minimum of 5+ years of experience and a bachelor’s degree is preferred. New York State General Appraiser Certification License (Current and in Good Standing) is required. Estimated starting salary is $90K-$120K per year.
Job Qualifications:
- Minimum 5+ years of recent experience appraising and/or reviewing complex multifamily residential, mixed-use, and/or commercial properties.
- Bachelor’s degree in Accounting, Finance, Economics, or related field preferred.
- Ability to communicate clearly and concisely in both written and verbal form.
- Ability to solve problems involving multiple facets of variables in non-standardized situations.
- New York State General Appraiser Certification License (Current and in Good Standing) is required.
- Software proficiency in Microsoft Office Suite, including Outlook.
- Knowledgeable, experienced, and familiar with various property types, including office, retail, multifamily, and cooperatives throughout the New York Metropolitan Area.
- Good organizational and management skills and ability to work independently.
- Knowledge of commonly used real estate database sources includes RealQuest, Comps Inc., CoStar, and Multiple Listing Service.
Duties and Responsibilities Include:
- Conduct thorough reviews and analyses of completed appraisal reports of income-producing properties, including multifamily, office, mixed-use, and retail.
- Ensure that valuations are reasonably supported, credible, and compliant with federal and state regulations, USPAP (Uniform Standards of Professional Appraisal Practice), FIRREA, bank policies and guidelines, and industry standards.
- Opine on the overall reasonableness and reliability of the appraisal reports received.
- Review, analyze, render, and communicate decisions regarding the acceptance of appraisals performed by third-party vendors.
- Complete internal appraisal assignments for use in loan underwriting decisions.
- Engage in regular communication with and serve as an advisor to Loan Officers and Executive Management on appraisal and real estate valuation matters.
- Conduct property site inspections, as needed.
- Perform other duties of the Bank and Department, which may be required from time to time.