Job Responsibilities
- Appraise 5+ unit multi-family residential, mixed use and/or commercial properties to estimate the market value for related financial transactions in accordance with internal policies/procedures, industry standards and regulatory requirements (USPAP & FIRREA).
- Interview real estate market participants for rent surveys, sales surveys and subject property analysis.
- Manage time efficiently to meet service level deadlines.
- Understand various building construction types, flood/environmental hazards, earthquake and zoning conditions (as pertinent).
- Learn and perform the administrative tasks that drive the CRE Appraisal process.
- Utilize risk-based decisions, work with stakeholders to ensure that appraisal reports are complete, accurate, credible, relevant, and reasonable based on sound real estate appraisal methodology.
Required qualifications, capabilities and skills
- Requires a minimum 4-year college degree.
- A State Certified General Appraiser License in Washington DC, Maryland and Virginia
- Minimum 3 years of experience appraising multifamily residential, mixed-use and/or commercial properties.
- Strong analytical, business writing and oral communication skills are a must.
- Strong critical thinking and problem solving.
- Computer/technology knowledge is required as well as a proficiency in MS Word, Excel and Outlook (Microsoft Office Suite).
- Deep knowledge of local real estate metro areas and neighborhoods.
- Continual development of local market knowledge and national real estate trends is required.
Preferred qualifications, capabilities and skills
- DCF programs knowledge and methodologies are preferred.
- Experience appraising for financial institutions is preferred.