Appraisal Section Manager

About the role

The Appraisal Section Manager leads the review, analysis, and evaluation of real estate appraisals and valuations for residential loans produced by appraisal vendors. The role involves assigning appraisal reviews to department staff, monitoring workflow, and ensuring efficient completion of assignments. This position also involves following up on vendor prepared valuations, researching and maintaining knowledge of residential real estate markets, and evaluating appraisal companies and individual appraisers.

Responsibilities

• Assigns appraisal reviews to department staff and monitors workflow to ensure efficient completion of assignments.
• Follows up on vendor prepared valuations, reconciling differences in opinion or perspective.
• Researches and maintains strong knowledge of residential real estate markets and market conditions within the region of responsibility.
• Reviews and evaluates appraisal companies and individual appraisers for approval to pursue Company appraisal bidding.
• Evaluates appraisals of particularly complex or unusual properties, applying experience and expert knowledge.
• Performs semi-annual and/or quarterly real estate market updates for the region of responsibility.
• Participates in Criticized Asset Reviews when appropriate.
• Assists commercial/residential loan officers and management by explaining valuation and appraisal issues and educating them on commercial real estate issues.
• May accompany commercial loan officers on visits to properties in question to provide direct evaluation of property and assist with risk analysis.
• Reviews appraisal reviews of staff to ensure standards are met. Makes adjustments in methods and procedures as appropriate to ensure compliance.
• Reviews content, real estate market surveys, assumptions, and other aspects of appraisals and valuations applying significant industry knowledge and experience to determine adequacy, appropriateness, and reasonableness.
• Determines methodologies used and basis for assumptions, comparing to industry standards and specific knowledge of market; may review properties in question through personal inspection to determine final valuation.
• Led the development and management of appraisal and valuation standards for the Company; participates in policy review and revision projects, applying specific knowledge of commercial real estate to process.
• Solicits quotes from vendors for appraisal services based on the collateral valuation needs of the Company; negotiates fees and payment terms for appraisal services.
• Keeps commercial loan officers informed of approved appraisal firms and individuals.
• Manages the appraisal ordering function in his or her section in compliance with regulatory and USPAP guidelines utilizing approved list of external appraisers appropriately assigned for the product and submarket.
• Manages the appraisal needs of Lenders.
• Acts as a resource for Lenders and Senior Management.
• Supports and guides the Commercial/Residential Appraisal Section review team in designated regions.

Requirements

The ideal candidate should have a bachelor's degree or equivalent progressive work experience, along with 7+ years of related experience. A State Certified General Appraisers License and/or MAI designation are preferred. Expert knowledge of commercial real estate valuation methodology and techniques, in-depth knowledge of legal and regulatory aspects of commercial real estate valuation, strong analytical and evaluative skills, excellent interpersonal communications and negotiation skills, strong leadership skills, and strong prioritization and organizational skills are also required.

Qualifications

The successful candidate must have a bachelor's degree or equivalent progressive work experience, along with 7+ years of related experience. A State Certified General Appraisers License and/or MAI designation are preferred. Expert knowledge of commercial real estate valuation methodology and techniques, in-depth knowledge of legal and regulatory aspects of commercial real estate valuation, strong analytical and evaluative skills, excellent interpersonal communications and negotiation skills, strong leadership skills, and strong prioritization and organizational skills are also required.

Skills

Expert knowledge of commercial real estate valuation methodology and techniques.
Strong analytical and evaluative skills.
Excellent interpersonal communications and negotiation skills.
Strong leadership skills.
Strong prioritization and organizational skills.

Benefits

TD offers a comprehensive benefits package including health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition.

Pay

$115,440 - $173,160 USD

Schedule

Full-time