Commercial Review Appraiser-Onsite (NYC Area) Job at Ridgewood, New Hyde Park, NY

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  • Ridgewood
  • New Hyde Park, NY

Job Description

We have an exciting opportunity to join our Appraisals Team! This position will assist the Appraisal Department in all aspects of reviewing third-party appraisals to determine a credible and reasonable opinion of the market value of Commercial real estate to assist in the mortgage lending process. Qualified candidates must have a minimum of 5+ years of experience and a bachelor's degree is preferred. New York State General Appraiser Certification License (Current and in Good Standing) is required. Estimated starting salary is $90K-$120K per year.

Job Qualifications:

  • Minimum 5+ years of recent experience appraising and/or reviewing complex multifamily residential, mixed-use,
    and/or commercial properties.
  • Bachelor's degree in Accounting, Finance, Economics, or related field preferred.
  • Ability to communicate clearly and concisely in both written and verbal form.
  • Ability to solve problems involving multiple facets of variables in non-standardized situations.
  • New York State General Appraiser Certification License (Current and in Good Standing) is required.
  • Software proficiency in Microsoft Office Suite, including Outlook.
  • Knowledgeable, experienced, and familiar with various property types, including office, retail, multifamily, and
    cooperatives throughout the New York Metropolitan Area.
  • Good organizational and management skills and ability to work independently.
  • Knowledge of commonly used real estate database sources includes RealQuest, Comps Inc., CoStar, and Multiple
    Listing Service.

Duties and Responsibilities Include:

  • Conduct thorough reviews and analyses of completed appraisal reports of income-producing properties, including
    multifamily, office, mixed-use, and retail.
  • Ensure that valuations are reasonably supported, credible, and compliant with federal and state regulations, USPAP
    (Uniform Standards of Professional Appraisal Practice), FIRREA, bank policies and guidelines, and industry standards.
  • Opine on the overall reasonableness and reliability of the appraisal reports received.
  • Review, analyze, render, and communicate decisions regarding the acceptance of appraisals performed by third-party
    vendors.
  • Complete internal appraisal assignments for use in loan underwriting decisions.
  • Engage in regular communication with and serve as an advisor to Loan Officers and Executive Management on appraisal and real estate valuation matters.
  • Conduct property site inspections, as needed.
  • Perform other duties of the Bank and Department, which may be required from time to time.

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