Job Details

Requisition Number 18-0398
Post Date 8/20/2018
Title Senior Commercial Appraisal Reviewer
Location Westerre Parkway
City Richmond
State VA
Description This position is responsible for ordering and reviewing commercial real estate appraisals, and performing evaluations and validations.

Position Accountabilities
• Order appraisals of commercial real estate for Bank personnel. Competently understand a moderately high level of complexity of real estate taken as collateral by the Bank. Must be able to advise Bank personnel on matters of type of appraisal, types of values needed, and required valuation scenarios. Must be able to communicate requirements to external fee appraisers and know which service providers are most appropriate for a particular assignment.
• Perform technical and administrative reviews of commercial real estate appraisals for compliance with law and policy, and for reasonableness and quality.
• Modify values in appraisals, if qualified, when warranted and support the decision to do so according to USPAP and FIRREA requirements.
• Resolve valuation differences/discrepancies between appraisers and loan production staff while maintaining Appraiser Independence.
• Perform moderately high level of complexity Evaluations and Validations.
• Consult with Bank personnel on all matters of real estate valuation, market data, and/or environmental risk assessment.
• Resolve valuation differences/discrepancies between appraisers and loan production staff while maintaining Appraiser Independence.
• Maintain knowledge of real estate value trends and property developments to ensure valuations conform to current market conditions.
• Train and provide assistance to other teammates in Credit Administration, Commercial and Consumer Lending (Real Estate) and other related departments.
• Assist Environmental Risk Officer with Environmental Due Diligence determinations as needed.
• Assist the Chief Appraiser in maintaining the Appraisal Policy and related documents.
• Assist the Chief Appraiser with maintenance and quality control of the Bank’s Approved Appraiser list.
• Maintain effective relationships with external fee appraisers and other vendors.
• Adhere to all applicable laws and regulations governing bank operations, including compliance with Union Bankshares’ BSA/AML Policy and Procedures.
• Assists with other work/projects as needed.

Organizational Relationship
This position reports to the Chief Appraiser.

Requirements Position Qualifications
Education and Experience
• Bachelor’s degree in a related discipline or an equivalent combination of education and work related experience
• Three to Five years of experience licensed by the Commonwealth of Virginia as a Certified General Real Estate Appraiser, with at least Two years as a fee appraiser

Knowledge and Skills
• Demonstrated working knowledge of regulations affecting the appraisal industry to include FIRREA, USPAP and the Interagency Guidelines.
• Demonstrated working knowledge of the practical aspects of real estate appraisal
• Previous experience or working knowledge of databases like Costar, MLS, preferred
• Proficient computer skills relevant to Microsoft Office Suites
• Excellent customer service skills
• Proven analytical skills
• Well organized
• Attention to detail
• Strong organization and project management skills
• Ability to work independently, with minimum supervision, as well as within a team environment

We are proud to be an EEO/AA employer, Minority/Female/Disability/Veteran. We maintain a drug-free workplace.
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