Data Center Appraisal Review Spec II (US)

Overview

Risk Management is seeking an Appraisal Review Specialist II to review, analyze, and evaluate real estate appraisals and valuations used for commercial loans produced by appraisal vendors.

Responsibilities

• Review, analyze, and evaluate real estate appraisals and valuations for commercial loans produced by various appraisal vendors.
• Follow up on vendor valuations, reconciling differences in opinion or perspective.
• Research and maintain knowledge of commercial real estate markets and market conditions within areas of responsibility.
• Review and evaluate appraisal companies and individual appraisers for approval to pursue Company appraisal bidding.
• Ensure work is compliant with federal regulatory guidelines, Bank policy, and the Uniform Standards of Professional Appraisal Practice (USPAP).
• Review lender prepared internal evaluations and provide guidance when necessary.
• Research market data and provide analysis to support a modification of an appraised value.
• Explain valuation issues and provide insight on commercial real estate trends.
• Assist commercial loan officers on property inspections and support risk analysis when appropriate.
• Solicit quotes from vendors for appraisal services based on collateral valuation needs.
• Negotiate fees and payment terms for appraisal services; write clear and convincing appraisal reviews.
• Keep commercial loan officers informed of approved appraisal firms and individuals.
• Develop and manage appraisal and valuation standards for the organization.
• Participate in policy review and revision projects, applying specific knowledge of commercial real estate to processes.
• Follow up with vendors regarding disagreements on valuations and appraisals, determining methodologies and assumptions and comparing to industry standards and market knowledge.
• Resolve appraisal deficiencies with appraisal vendors.
• May review properties in question through personal inspection to determine final valuation.
• Assist the Appraisal Section Manager in coaching or training staff pursuing state appraisal certifications.
• Provide market intelligence and appraisal policy guidance to lending and credit teams.
• Support and participate in in-house appraisal training initiatives.

Requirements

• Bachelor’s degree required.
• 5+ years of related experience.
• State Appraiser Certification required.
• Expert knowledge of commercial real estate appraising and valuation principles and practice.
• In-depth knowledge of legal and regulatory aspects of commercial real estate markets.
• Strong analytical and evaluative skills, with the ability to combine disparate data to improve evaluative accuracy and effectiveness.
• Excellent interpersonal communication and negotiation skills, including the ability to explain and interpret decisions.
• Strong prioritization and organizational skills, including the ability to establish and change priorities based on sound business reasoning.
• Demonstrated 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.
• Proficiency preparing internal evaluations using relevant industry and market data and reviewing vendor-prepared evaluations.
• Proficiency with ARGUS and RIMS preferred.

Preferred Qualifications

• Five or more years of commercial real estate appraisal and/or appraisal review experience within a financial institution.
• Substantial data center appraisal review experience and active appraisal credentials in multiple states where mandatory licensure is required for appraisal review work (e.g., AZ, CA, GA, etc.).
• MAI designation or equivalent experience required.
• Florida Certified General Real Estate Appraiser credential preferred, with the ability to obtain and maintain additional state licenses as business needs require.
• Extensive experience reviewing complex commercial real estate appraisals, including data centers, office, mixed-use, industrial, multifamily, special-purpose properties, and portfolio assignments.
• Experience working with financial institutions on syndicated transactions and portfolio management preferred.
• Some appraisal courses, preferably given by the Appraisal Institute.
• Strong customer focus.

Compensation & Benefits

• Hours: 40
• Base pay range: $91,000 - $145,600 USD
• Base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) plus 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, and reward and recognition.

Location

• New York, New York, United States of America

Additional Information

• Ensure compliance with Federal Regulatory Guidelines, TD Bank Appraisal Policy, Interagency Appraisal and Evaluation Guidelines, and USPAP.
• Domestic travel: Occasional
• International travel: Never

Physical Requirements

• Performing sedentary work: Continuous
• Performing multiple tasks: Continuous
• Operating standard office equipment: Continuous
• Sitting: Continuous
• Concentrating for long periods of time: Continuous
• Reading, writing and comprehending instructions: Continuous
• Adding, subtracting, multiplying and dividing: Continuous
• Standing: Occasional; Walking: Occasional; Lifting/Carrying (under 25 lbs.): Occasional; Lifting/Carrying (over 25 lbs.): Never
• Bending: Occasional; Squatting: Occasional; Reaching forward: Occasional
• Kneeling: Never; Crawling: Never; Climbing: Never; Reaching overhead: Never; Pushing: Never; Pulling: Never; Twisting: Never
• Responding quickly to sounds: Occasional

Equal Opportunity

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran, or any other characteristic protected under applicable federal, state, or local law.