Commercial Review Appraiser
Hauppauge, NY  / New York, NY 
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Job Description
Description

Summary: The Commercial Review Appraiser will be responsible for assisting the Appraisal Team in all aspects of reviewing third-party appraisals and environmental reports in support of Dime's commercial real estate lending operations. This position is responsible for reviewing real estate valuation reports to ensure compliance with Uniform Standards of Professional Appraisal Practice (USPAP), FIRREA and internal appraisal requirements. In addition, this position performs analysis and prepares conclusions documented in the appraisal review and provides advice and guidance regarding collateral valuation.

Responsibilities:

  • Review, analyze, render, and communicate decisions regarding the acceptance of appraisals and environmental reports performed by third-party vendors.
  • Complete appraisal reviews to Dime's minimum appraisal and evaluation standards and all appropriate regulatory guidelines.
  • Provide written support for acceptance, rejection, or modification of appraised values in an appraisal review document, meeting internal production requirements.
  • Ensure that valuations are reasonably supported, credible and compliant with federal and state regulations, USPAP, FIRREA, bank policies and guidelines, and industry standards.
  • Evaluate and score appraiser quality of work for maintenance of Dime's Approved Appraiser List.
  • Complete internal appraisal assignments for use in loan underwriting decisions.
  • Conduct work in support of and prepare internal reviews of Phase I Environmental Site Assessment performed in accordance with ASTM Standard E1527, Standard Practice for Environmental Site Assessments.
  • Engage in regular communication with and serve as an advisor to Loan Officers and Executive Management on appraisal and real estate valuation matters.
  • Inspect properties for construction, condition and functional design as needed to assess whether all assumptions that impact value are appropriate and reasonable.
  • Maintain appropriate licensing through continuing education or further professional development through appropriate qualifying education.
  • Other duties as may be required and assigned.

Qualifications:

  • Bachelor's degree in accounting, finance, economics, or related field.
  • Certified General Appraisal License required. MAI or Review designations a plus.
  • Minimum 7 years' experience in commercial real estate valuation and/or review.
  • Familiarity with appropriate valuation techniques, appraisal methodology and understanding of appraisal theory.
  • Familiarity with environmental due diligence reports including ASTM Standard Phase I, Phase II and Environmental Transaction Screen documents.
  • Demonstrated knowledge of regulations affecting the appraisal industry to include FIRREA, USPAP and the Interagency Guidelines.
  • Ability to manage time efficiently to meet strict deadlines.
  • Ability to solve problems involving multiple facets and variables in non-standardized situations.
  • Software proficiency in Microsoft Office Suite and Outlook.
  • Ability to communicate clearly and concisely in both written and verbal form
  • Ability to prepare and maintain accurate and concise records and reports


Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

 

Job Summary
Company
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Education
Bachelor's Degree
Required Experience
7+ years
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