Job Title:
Staff Appraiser - Commercial
Company: Valley National Bancorp
Location: Wayne, NJ
Created: 2024-06-15
Job Type: Full Time
Job Description:
Responsibilities include but are not limited to: * Maintain contact with various departments to resolve problems relative to requests for appraisal work.
* Monitor and evaluate the impact of changes in the commercial appraisal profession and recommend changes in official Valley National Bank Appraisal policies and procedures as appropriate.
* Responsible for processing appraisal requests and customer billing to ensure that the skill level of outside fee appraisers is sufficient and that the fee quotes are reasonable.
* Review appraisals to ensure that the methodology, market data and analysis are reasonable and that the report conforms to USPAP and Valley National Bank standards.
* Travel to properties for primary inspections as well as Field Construction Inspections.
* Search, Set-up and review of new appraisal firms for FF-E and Business Valuations for new territories which the bank has expanded into.
* Make specific recommendations for the addition of Commercial and Special-Use Property Appraisers to Valley National Bank's Approved Appraiser List.
* Perform appraisals for various departments within the bank, including the commercial loan department for Quality Control Purposes and validation of samples. These appraisals are performed monthly on a sample group of closed loans to meet underwriting guidelines.
* Review quality control appraisals performed by outside appraisal firms to the results of the original appraisals and track results.
* Review environmental reports to ensure that the methodology, market data and analysis are reasonable and that the report conforms to ASTM and Valley National Bank standards.