Valuation Quality Control, III

This is a fully remote position, open to applicants in Florida, +4 more states.

📋 Description

• Assess appraisals, evaluations, BPOs, and CMAs to ensure accuracy, methodology, and adherence to USPAP and Interagency Appraisal and Evaluation Guidelines.

• Return any deficient reports for necessary corrections.

• Evaluate value conclusions against independent market evidence, including MLS, public records, CoStar, and broker reports, within U.S. markets.

• Identify subpar comparables, unsupported adjustments, outdated data, mathematical inaccuracies, and unreasonable assumptions or conditions.

• Analyze rent rolls, operating expenses, NOI, cap rates, and DCF assumptions for income properties.

• Compare construction and development budgets, draws, and completion statuses against as-complete value conclusions.

• Suggest values for as-is, as-complete, as-stabilized, and disposition premises across various stages, including origination, performing, default, workout, and REO.

• Document findings and present recommendations to Investment, Asset Resolution, and Initial Credit Review teams.

• Propose additional appraisal, inspection, environmental, or engineering work when the information available is insufficient.

⛳️ Requirements

• A bachelor's degree in real estate, finance, economics, business, or a related discipline.

• Over 5 years of experience in appraisal, appraisal review, collateral valuation, underwriting, or asset management, primarily focusing on commercial collateral.

• Practical experience in commercial and income-property valuation or review.

• Solid understanding of the sales comparison, income, and cost approaches, as well as USPAP regulations.

• Familiarity with distressed, foreclosed, or REO properties.

• Proficient in Excel, with strong writing and presentation capabilities.

• Confidence to contest unsupported conclusions.

• A stable and reliable internet connection.

• A professional and dedicated remote working environment.

• State Certified General or Certified Residential appraiser credential or progress toward Certified General (preferred).

• A professional valuation designation or active candidacy for one, such as AI-GRS, MAI, MRICS, ASA, CCIM, ARA, AI-RRS, or SRA (preferred).

• Experience in commercial appraisal review at a bank, portfolio lender, or private credit fund (preferred).

• Knowledge of construction and development projects along with cash flow-based valuation analysis (preferred).

• Residential review experience is an advantage.

🏝️ Benefits

• Medical coverage.

• Dental coverage.

• Vision coverage.

• Life insurance.

• Disability coverage.

• 401(k) plan with company matching.

• Paid holidays.

• Paid time off (PTO).

• Fully remote work environment.

• Occasional travel for leadership off-sites/corporate events.