Commercial Appraisal Manager
Fulton Bank
- Pennsylvania
- $94,200-157,000 per year
- Permanent
- Full-time
- Performs independent internal reviews of appraisal reports. Reviews appraisal reports to ensure compliance with industry standards, regulatory requirements and bank standards, reasonableness and credibility of appraisals. Prepares timely internal review reports with an emphasis on technical reviews opining to value conclusions. Works with engaged appraisers to discuss questions and resolve potential problems in order to achieve compliant and valid market value results. Works with account officers, relationship managers and department management to find solutions to unacceptable appraisals which may include, rejections, ordering new appraisals, issuing value opinions via supported modifications or preparing internal Restricted Use appraisals.
- Acts as a resource to bank staff and assists in managerial duties as assigned by the Chief Appraiser. Responds to inquires from bank staff involving corporate appraisal policy and compliance with laws and regulations. Identifies and assesses risk and escalates issues to the Chief Appraiser to ensure proper resolution. Makes recommendations to Chief Appraiser regarding possible additions to and necessary disciplinary actions regarding existing appraisers on the corporate approved appraiser list resulting from the appraisal review process. Provides relevant market data to the Chief Appraiser for input into the department databases. Assists in assigned managerial duties to ensure the efficient and effective operations of the department. Guides and advises department staff in the more complex phases of their work. Makes recommendations and conducts sessions pertaining to employment, performance ratings, salary changes, promotions, training, transfers, and terminations for assigned department staff.
- Assesses the validity of existing appraisals and evaluations. Analyzes existing appraisals and evaluations to determine if they continue to reflect the market value of the property and may be used in a subsequent transaction. Prepares the appropriate validation documentation and create a department file containing the data and analysis considered which may include market data compiled and maintained in the department’s databases, or advise that a new appraisal or evaluation is required if the original reported market value is no longer valid.
- Responsible for special projects as assigned by management including but not limited to general market data analysis and quarterly reports.