Appraisal Review Consultant

About the role

The Appraisal Review Consultant will be responsible for performing independent third-party reviews of commercial and residential real estate appraisals and evaluations on behalf of Young & Associates' financial institution clients. The Consultant will assess whether each appraisal is credible, well-supported, and compliant with USPAP, the Interagency Appraisal and Evaluation Guidelines, and the client's appraisal policy, and will prepare written review reports documenting findings and recommendations.

Responsibilities

• Perform technical reviews of residential and commercial appraisal reports in accordance with USPAP Standard 3 and applicable regulatory guidance.
• Evaluate the appropriateness of the scope of work, valuation approaches, comparable selection and adjustments, capitalization and discount rates, market analysis, and highest and best use conclusions.
• Verify that appraisals satisfy client engagement requirements, regulatory requirements under FIRREA/Title XI, and the Interagency Appraisal and Evaluation Guidelines.
• Review evaluations and other alternative valuation products for adequacy and regulatory compliance.
• Prepare clear, well-documented written review reports that identify deficiencies, state whether the value conclusion is supported, and recommend corrective action where appropriate.
• Work with management to communicate review findings to client bank personnel and, when necessary, to the original appraiser to resolve deficiencies or obtain revisions.
• Maintain independence to safeguard the objectivity of the review process.
• Track assigned reviews and meet client turnaround expectations while maintaining quality standards.
• Stay current on USPAP updates, regulatory guidance, and market conditions affecting collateral values.
• Assist in the development and maintenance of review procedures, checklists, and report templates.
• Supervisory Responsibilities: None initially. May assist in reviewing the work of junior reviewers and in managing the review pipeline as division volume grows.

Requirements

• FLSA Classification: Exempt
• Thorough working knowledge of USPAP and the Interagency Appraisal and Evaluation Guidelines.
• Strong understanding of the sales comparison, income, and cost approaches to value.
• Excellent verbal and written communication skills, with the ability to explain technical findings to non-appraisers.
• Excellent interpersonal and customer service skills.
• Excellent organizational skills and attention to detail.
• Strong analytical and critical thinking skills.
• Ability to manage multiple assignments and deadlines independently.
• Proficient with Microsoft Office Suite or related software.
• Experience with appraisal management or appraisal review software is a plus.
• Must be a self-starter and willing to learn.
• Bachelor's Degree in a related field of study from four-year college or university, preferred.
• Minimum of two to four (2 to 4) years of residential real estate appraisal experience is required.
• Commercial real estate appraisal experience is a plus.
• Active state License or Certified Residential License is preferred but not required.
• Prior appraisal review experience, including reviews performed for financial institutions, is a plus.
• Experience with non-centralized workforce and hybrid working is strongly preferred.
• Experience in the Financial Institution Industry is a plus.
• Experience with special-purpose, agricultural, or multi-family property types is a plus.
• Diversity - Demonstrates knowledge of EEO policy; Shows respect and sensitivity for cultural differences; Educates others on the value of diversity; Promotes a harassment-free environment; Builds a diverse workforce.
• Ethics - Treats people with respect; Keeps commitments; Inspires the trust of others; Works with integrity and ethically; Upholds organizational values.
• Adaptability - Adapts to changes in the work environment; Manages competing demands; Changes approach or method to best fit the situation; Able to deal with frequent change, delays, or unexpected events.
• Business Acumen - Understands business implications of decisions; Displays orientation to profitability; Demonstrates knowledge of market and competition; Aligns work with strategic goals.
• Customer Service - Manages difficult or emotional customer situations; Responds promptly to customer needs; Solicits customer feedback to improve service; Responds to requests for service and assistance; Meets commitments.
• Initiative - Volunteers readily; Undertakes self-development activities; Seeks increased responsibilities; Takes independent actions and calculated risks; Looks for and takes advantage of opportunities; Asks for and offers help when needed.
• Innovation - Displays original thinking and creativity; Meets challenges with resourcefulness; Generates suggestions for improving work; Develops innovative approaches and ideas; Presents ideas and information in a manner that gets others' attention.
• Interpersonal Skills - Focuses on solving conflict, not blaming; Maintains confidentiality; Listens to others without interrupting; Keeps emotions under control; Remains open to others' ideas and tries new things.
• Motivation - Sets and achieves challenging goals; Demonstrates persistence and overcomes obstacles; Measures self against standard of excellence; Takes calculated risks to accomplish goals.
• Oral Communication - Speaks clearly and persuasively in positive or negative situations; Listens and gets clarification; Responds well to questions; Demonstrates group presentation skills; Participates in meetings.
• Planning/Organizing - Prioritizes and plans work activities; Uses time efficiently; Plans for additional resources; Sets goals and objectives; Organizes or schedules other people and their tasks; Develops realistic action plans.
• Professionalism