• Commercial Appraisal Review Specialist

    ID
    2018-7274
    Job Locations
    US-CA-San Francisco
    Category
    Lending
  • Overview

    First Republic is looking for a Commercial Appraisal Review Specialist to perform reviews of commercial valuations to support the Bank’s real estate lending operations. In this position, you will embody the Bank’s exceptional client service culture and use discretion and judgement to make decisions about the collateral for commercial real estate loans. The position helps maintain the Bank’s safety and soundness and has a direct and important impact in operations. This is an excellent opportunity to grow your career, learn about complex properties, and contribute to a growing business unit that has a direct impact on the Bank’s performance.

     

     

    Responsibilities

    Employees are expected to review and analyze and render decisions for the acceptance of commercial appraisals and evaluation. Reviews are to be completed to Bank’s minimum appraisal and evaluation standards and all appropriate regulatory guidelines.  Other duties may be required and assigned.

    • Perform detailed technical and compliance reviews on commercial real estate appraisals and evaluations.
    • Ensure that valuations are reasonably supported, credible and compliant with federal and state regulations, USPAP, FIRREA, bank policies and guidelines, and industry standards.
    • Communicate with appraisers for any report corrections and/or revisions.
    • Evaluate appraiser quality of work and feedback for maintenance of the Bank’s appraisal panel.
    • Engage in regular communications and serve as an advisor to Relationship Managers and Executive Loan Committee on appraisal topics in the Bank’s core markets.
    • Conduct market research as needed.
    • Provide support to all areas of real estate lending as directed or where service is needed; demonstrate superior customer service with appropriate follow through with involved appraisers and employees.
    • Attend ongoing training in real estate valuation.

    Qualifications

    In order to perform the duties of the position, the following knowledge, skills, and abilities are essential for the Appraisal Review Specialist:

    • Bachelor’s degree in accounting, finance, economics or related field.
    • Certified General Appraiser.
    • Familiarity with commercial Real Estate Appraisal terminology and the appropriate application of appraisal valuation techniques, appraisal methodology and understanding of appraisal theory.
    • Knowledge of commercial mortgage operations.
    • Attention to detail for the identification of Errors and Omissions.
    • Manage difficult problems involving multiple facets and variables in non-standardized situations.
    • Successfully prioritize work assignments of varying complexities, track progress of said assignments, demonstrate strong organizational skills and complete work within established deadlines.
    • Software proficiency in Microsoft Office Suite and Outlook.
    • Establish and maintain effective and professional working relationships.
    • Effective written and verbal communication skills.
    • Maintain confidentiality.
    • Ability to independently lift 15 lbs.
    • Position requires sitting for most of the day, but may involve walking or standing for brief periods of time.

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