[Hiring] Appraisal Review Specialist II @TD

Role Description

The Appraisal Review Specialist II reviews, analyzes, and evaluates real estate appraisals and valuations for commercial loans produced by various appraisal vendors. Responsibilities include:

• Following up on vendor valuations, reconciling differences in opinion or perspective.
• Researching and maintaining knowledge of commercial real estate markets and market conditions.
• Reviewing and evaluating appraisal companies and individual appraisers for approval to pursue Company appraisal bidding.

Depth & Scope:

• Seasoned specialist role requires greater experience in reviewing complex commercial appraisals including industrial, special purpose, multi-family and large subdivision/tract developments.
• Ensures work is compliant with federal regulatory guidelines, Bank policy and Uniform Standards of Professional Appraisal Practice.
• Reviews lender prepared internal evaluations and provides guidance when necessary.
• Researches market data and provides analysis to support a modification of an appraised value.
• Explains valuation issues and provides insight on the commercial real estate trends.
• Assists Company commercial loan officers on property inspections and assists with risk analysis when appropriate.
• Solicits quotes from vendors for appraisal services based on the collateral valuation needs of the Company.
• Negotiates fees and payment terms for appraisal services; writes clear and convincing appraisal reviews.
• Keeps commercial loan officers informed of approved appraisal firms and individuals.
• Develops and manages appraisal and valuation standards for the Company.
• Participates in policy review and revision projects, applying specific knowledge of commercial real estate to process.
• Follows up with vendors regarding issues of disagreement on valuations and appraisals.
• Determines methodologies used and basis for assumptions, comparing to industry standards and specific knowledge of market.
• May review properties in question through personal inspection to determine final valuation.
• Resolves appraisal deficiencies with appraisal vendors.
• Assists Appraisal Section Manager in coaching or training staff that are actively pursuing state appraisal certifications.

Qualifications

• Bachelors degree required.
• 5+ years of related experience.
• State Appraiser Certification required.
• Some appraisal courses, preferably given by the Appraisal Institute.
• Expert knowledge of commercial real estate appraising and valuation principles and practice.
• In depth knowledge of legal and regulatory aspects of commercial real estate market.
• Strong analytical and evaluative skills.
• Excellent interpersonal communications and negotiations skills.
• Strong prioritization and organizational skills.
• Demonstrates ability to resolve appraisal issues with lenders and managers in pressure situations.
• Familiarity with FIRREA and USPAP.
• Excellent verbal and written communication skills.
• Ability to interact with, and provide excellent customer service to both external and internal customers.
• Income capitalization methods.
• Residential subdivision experience.
• Strong customer focus.

Requirements

• Extensive experience reviewing complex commercial real estate appraisals.
• Ensures compliance with Federal Regulatory Guidelines, TD Bank Appraisal Policy, Interagency Appraisal & Evaluation Guidelines, and USPAP.
• Prepares internal evaluations using industry and market data.
• Proficiency with ARGUS and RIMS preferred.
• Demonstrated expertise in the Metropolitan New York real estate market.
• MAI designation or equivalent experience required.
• New York and New Jersey State Certification required.
• Banking experience preferred, with working knowledge of Lending, Credit, Portfolio Management, and Syndications.
• Provides market intelligence and Appraisal Policy guidance to Lending and Credit teams.
• Supports and participates in in-house Appraisal Training initiatives across the Bank.
• Ability to prioritize and organize assignments in a busy work environment.

Benefits

• Base salary and variable compensation/incentive awards.
• Health and well-being benefits.
• Savings and retirement programs.
• Paid time off (including Vacation PTO, Flex PTO, and Holiday PTO).
• Banking benefits and discounts.
• Career development opportunities.
• Reward and recognition programs.