Sr. Commercial Appraisal Review at City National Bank
New York, NY 10036, USA -
Full Time


Start Date

Immediate

Expiry Date

14 Sep, 25

Salary

87027.0

Posted On

15 Jun, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

No

Skills

Management Software, Excel, Uspap, Regulatory Requirements, Real Estate, Communication Skills, Third Party Vendors, Microsoft Word

Industry

Real Estate/Mortgage

Description

ADDITIONAL QUALIFICATIONS

  • Property/Real Estate Management\Certified Real Estate Appraiser
  • Strong written and oral communication skills with an ability to effectively communicate between the lending team and third-party vendors.
  • Proficiency with Microsoft Word, Excel and cash flow software applications such as Argus; familiarity with appraisal order management software.
  • Must have a clear understanding and knowledge of USPAP and federal appraisal regulatory requirements.
  • Strong analytical and research skills; developed technical writing ability.
  • Proven ability to be self-motivated and manage multiple projects simultaneously in order to meet deadlines and quality standards.
  • Strong problem resolution and analytical skill; ability to make objective decisions based on analysis of data within restricted time frames.
  • Familiarity with environmental assessment reports is a plus.

ABOUT US

Since day one we’ve always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.

Responsibilities
  • Primary responsibility is to manage the full process of a valuation request from the procurement of the appraisal report to the completion of the review report.
  • Develops scope of work for soliciting appraisals bids in line with internal appraisal selection process and provides lending team with recommendations.
  • Maintain effective communication with engaged vendors and manage issues/field questions to maintain the integrity of the appraisal assignment.
  • Reviews the quality and accuracy of appraisal reports to ensure compliance with federal and state regulations, including FIRREA, Interagency Appraisal and Evaluation Guidelines, Uniform Standards of Professional Appraisal Practice (USPAP) and internal Bank policies, as well as review the reasonableness of the value conclusion (if warranted, develop an internal value conclusion).
  • Coordinates the resolution for any appraisal deficiencies with third party vendors and request revisions, as well as being a liaison between lending team and appraiser regarding any appraisal disputes.
  • Monitors regulatory standards and industry guidelines for any changes that impact the real estate valuation process; assists with updating related internal policies, procedural manuals, and research libraries.
  • Familiarity with trends in local markets, being knowledgeable of economic and industry changes, and applying that knowledge to ascertain the accuracy and quality of appraisal reports under review.
  • May complete internal real estate market evaluations on commercial or residential properties where an appraisal report is not required.
  • Provide support to the department on additional responsibilities as directed.
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