This will be a 100% remote position
Perform critical reviews of externally prepared commercial appraisals to ensure that the value conclusions are accurate and that the report is in compliance with all necessary requirements. Primary area of responsibility is Midwest and South US. Report to Regional Appraisal Manager for the Midwest and South region. May be asked from time to time to head up an ad hoc team for valuation due diligence or a special project. Responsible for managing the day-to-day appraisal reviews for which they have been assigned. Contract with vendors; manage vendors to on-time delivery and quality product and maintain the timely status of each assignment on a common job tracking system. Prepare market studies for a metropolitan area. Provide market intelligence to the lenders on a specific deal. Prepare internal appraisals. Perform sensitivity analyses for property cash flow projections. Resolve any issues that are not compliant with Citibank policies or conclusions that are not reasonable. Advise risk managers in addressing complex real estate issues. May evaluate feasibility of a complex investment. Objectively provide risk managers with a balanced view of the risk associated with a given property. Opportunity to work with a wide variety of property types across the US ranging from small, single assets to large portfolios.
Minimum of 7+ years of appraisal experience with at least 3 years in a lending institution. Should have Bachelor Degree and may have advanced degrees. Must have completed and passed all Appraisal Institute classes necessary for the MAl designation, or equivalent education. Must be a state Certified General Appraiser. Have outstanding breadth and depth of appraisal expertise that includes all common property types (apartments, retail, office, industrial, land, and subdivisions) in addition to special purpose properties (hotels, assisted living, convenience stores, gas stations, etc.), as well as affordable housing. Must have a strong sense of the characteristics affecting value in their region. Highly productive and efficient as a reviewer. Work autonomously and require little direction for single properties as large as $100MM+ in value. Would be considered Subject Matter Expert for commercial appraisal. Proficient computer skills for MS Office. Outstanding proficiency in Argus DCF software and MS Excel. Must have a comprehensive understanding of USPAP in addition to Fannie Mae, Freddie Mac and SBA appraisal requirements. Must have a good understanding of FIRREA and all other subsequent Regulatory Policies concerning appraisals. Outstanding analytical skills. Strong interpersonal skills. Work well under pressure and multi-task. Outstanding organization and management skills. Must have strong verbal and written communication skills. Capable of being effective in decision making and outstanding problem solving skills. Sustain good relationships with internal clients and external consultants.
https://citi.wd5.myworkdayjobs.com/2/job/Telecommuter-Illinois-United-States/Commercial-Appraiser---Real-Estate-Risk-Sr-Officer---SVP_22492597
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Job Family Group:
Risk Management
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Job Family:
Real Estate Risk
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Time Type:
Full time
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Citi is an equal opportunity and affirmative action employer.
Wells Fargo is seeking a Senior Commercial Review Appraiser. As a commercial review appraiser, the candidate will be expected to review valuation assignments of commercial properties to ensure completeness, accuracy and compliance with bank policies and procedures, industry standards and regulatory requirements. The candidate must be able to work independently with a minimal amount of supervision and is expected to meet production goals as well as service and high quality standards.
Job Opening ID: R-171142
Visit wellsfargojobs.com for complete details and to apply.
For additional information, contact Recruiter Debbie Fischer at Debbie.Fischer@wellsfargo.com
This position is 100% remote, but should reside in Illinois.
Required Qualifications, US:
4+ years of Commercial Valuations experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, and/or education
Certified General Appraiser License
Desired Qualifications:
Experience both as a fee appraiser and financial institution (or similar) reviewer
Strong, clear and concise written and oral communication skills
Strong technical skills with appraisal related tools including Argus Enterprise, Microsoft Office, and Collateral 360 preferred
Excellent organization, analytical and problem solving skills with high attention to detail and accuracy
Ability to take initiative, meet deadlines and work independently with minimal supervision in a structured environment
Interact with integrity and a high level of professionalism with all levels of team members and management
Professional Valuation designation
DEBBIE FISCHER
Debbie.Fischer@wellsfargo.com
Commercial Real Estate Underwriter
Office locations include Chicago near Rosemont or Lincoln Park, Deerfield IL, Hickory Hills IL, Milwaukee, Madison WI, Minneapolis, Indianapolis, and Evansville IN.
The First Midwest Bank and Old National Bank (NASDAQ: ONB) merger has created the 6th largest commercial bank based in the Midwest and 28th largest bank in the U.S. with $46 billion in total assets, an additional $33 billion in wealth management assets, 270 branches in Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota and Wisconsin, and approximately 4,000 employees.
We are a relationship-focused financial institution providing a full range of commercial, treasury management, capital markets, equipment leasing, consumer, mortgage, wealth management, trust and private banking products and services.
POSITION SUMMARY:
You will be responsible for performing financial analysis and underwriting for lower to midlevel Commercial Real Estate loan transactions. You are expected to provide clear, concise, and accurate financial analysis and risk assessment for new and existing clients. Effectively interact and build collaborative relationships with commercial relationship managers, credit officers, administrative assistants, loan operations colleagues, appraisers, and examiners.
REQUIRED EDUCATION, EXPERIENCE AND SKILLS:
Minimum 1-7 years of experience in commercial real estate appraisal or credit analysis with demonstrated skills in areas such as rent rolls, leases, cash flow, market analysis, and guarantor analysis for commercial real estate loans.
Skilled with MS Office and proficient with financial spreading software
Strong analytical, organizational skills along with the ability to prioritize multiple projects.
Pleasant interpersonal skills and effective communication skills, both written and verbal.
Occasional travel to other offices or client locations.
Ability to clearly communicate risk criteria, respond objectively and with confidence when challenged and involve the Divisional Credit Officer as appropriate.
Bachelor’s degree in business with a major in finance or accounting.
DUTIES/RESPONSIBILITIES:
Conduct in depth review of rent rolls, leases, income statements, CoStar, appraisal reports, environmental reports, guarantor financials, and other financial information to determine, independently that the borrower can generate income and cash flow sufficient to repay existing and proposed debt.
Independently prepare well written approval presentations, including what is being requested, why it is being requested, analysis of the property’s market and location, the background and history of the sponsor, and key risks and mitigating factors. Such presentations should also justify assigned risk rating and show that the Bank policies, procedures, and regulations are met.
A network of financial and legal professionals to support the knowledge necessary to for necessary analysis.
Maintain controls to ensure compliance with consumer protection regulations in a defined area of responsibility.
Assist in training new team members, which may include underwriters, rotational analysts (LEADs), and interns.
Underwriter Specific Duties:
Assist Commercial Relationship Managers (RMs) in managing workflow via a pipeline process. Prioritization of new prospects, renewals/upcoming maturities, material modifications, as well as developing a working knowledge of prospective opportunities.
Review and analyze financials including rent rolls, leases, operating statements, guarantor personal financial statements, global cash flow statements, and tax returns.
Review third party reports such as real estate appraisals, CoStar market reports, property condition reports, environmental reports, and/or property inspections.
Accompany Commercial RMs on client and prospect calls in conjunction with completion of the underwriting process of Commercial Real Estate loans.
Interact with clients to ensure receipt of financial information necessary to support the underwriting process of Commercial loans.
Old National Bank continually looks for highly motivated and talented individuals. Our people are critical to the Bank's strategy and success. In return we offer competitive salaries, a bonus plan, outstanding benefits like 401K plus 5% company contribution, a great vacation plan, certification and continuing education support, and opportunities for career growth.
https://www.oldnational.com/about/working-at-old-national/our-company
Come join the Wintrust Commercial Appraisal Review Team!
We are looking for a Certified General licensed appraiser to join our expanding team of reviewers.
The position entails conducting formal/written technical appraisal reviews for due diligence purposes. Properties associated with these commercial real estate loans are located nation-wide & include those existing, proposed new construction, redevelopment, and adaptive reuse. They consist of multi-family, mixed use, office, industrial, retail, senior housing, special purpose, senior housing and going concerns.
The position also includes formal review of various types of Environmental Assessment reports (Phase I ESAs).
This is NOT an entry-level position, although bank and environmental review experience is not mandatory.
The successful candidate will have expertise in DCF analysis & an extensive valuation background.
We offer a flexible hybrid working environment (in-office/remote), annual bonus program, support for Continuing Education and dues.
Holidays, weekends and personal time is yours to have along with great benefits.
Contact me for more information or you can apply directly to our role from the below link:
https://wintrust.wd1.myworkdayjobs.com/Search/job/Vernon-Hills-IL/Commercial-Real-Estate-Appraisal-Reviewer_221388
Holly McQuestion
hmcquestion@wintrust.com
Come join the Wintrust Commercial Appraisal Review Team!
We are looking for a Certified General licensed appraiser to join our expanding team of reviewers.
The position entails conducting formal/written technical appraisal reviews for due diligence purposes. Properties associated with these commercial real estate loans are located nation-wide & include those existing, proposed new construction, redevelopment, and adaptive reuse.
They consist of multi-family, mixed use, office, industrial, retail, senior housing, special purpose, senior housing and going concerns.
The position also include formal review of various types of Environmental Assessment reports (Phase I ESAs).
This is NOT an entry-level position, although bank and environmental review experience is not mandatory.
The successful candidate will have expertise in DCF analysis & an extensive valuation background.
We offer a flexible hybrid working environment (in-office/remote), annual bonus program, support for CE and dues.
Holidays, weekends and personal time is yours to have along with great benefits.
Contact me for more information and how to apply.
Holly McQuestion
hmcquestion@wintrust.com
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