TD Bank

Appraisal Review Spec II- CT/Westchester NY

TD Bank • $91K — $145K *
White Plains, NY 10605In-Person
Real Estate & Construction
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree required
  • 5+ years of related experience
  • State Appraiser Certification required
  • Expert knowledge of commercial real estate appraisal principles
  • Strong analytical and evaluative skills

Responsibilities

  • Review and analyze complex commercial appraisals
  • Research market data to support valuation modifications
  • Negotiate fees and terms for appraisal services
  • Assist commercial loan officers with property inspections
  • Develop appraisal and valuation standards for the Company

Benefits

  • Opportunities for growth and skill development
  • Supportive work environment for career progression
  • Access to in-house appraisal training initiatives
Full Job Description
Work Location:
Stamford, Connecticut, United States of America

Hours:
40

Pay Details:
$91,000 - $145,600 USD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Line of Business:
Risk Management
Job Description:

The Appraisal Review Specialist II reviews, analyzes, and evaluates real estate appraisals and valuations for commercial loans produced by various appraisal vendors. Follows up on vendor valuations, reconciling differences in opinion or perspective. Researches and maintains knowledge of commercial real estate markets and market conditions within areas of responsibility. Reviews and evaluates appraisal companies and individual appraisers for approval to pursue Company appraisal bidding.

Depth & Scope:
  • Seasoned specialist role requires greater experience in reviewing complex commercial appraisals including industrial, special purpose, multi-family and large subdivision/tract developments to ensure work is compliant with federal regulatory guidelines, Bank policy and Uniform Standards of Professional Appraisal Practice
  • Reviews, analyzes, and evaluates real estate appraisals applying significant industry knowledge and experience to determine adequacy, appropriateness, and reasonableness
  • Reviews lender prepared internal evaluations and provides guidance when necessary
  • Researches market data and provides analysis to support a modification of an appraised value
  • Explains valuation issues and provides insight on the commercial real estate trends
  • Assists Company commercial loan officers on property inspections and assists with risk analysis when appropriate
  • Solicits quotes from vendors for appraisal services based on the collateral valuation needs of the Company
  • Negotiates fees and payment terms for appraisal services; writes clear and convincing appraisal reviews
  • Keeps commercial loan officers informed of approved appraisal firms and individuals
  • Develops and manages appraisal and valuation standards for the Company
  • Participates in policy review and revision projects, applying specific knowledge of commercial real estate to process
  • Follows up with vendors regarding issues of disagreement on valuations and appraisals; 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
  • Resolves appraisal deficiencies with appraisal vendors
  • Assists Appraisal Section Manager in coaching or training staff that are actively pursuing state appraisal certifications


Education & Experience:
  • Bachelors degree required
  • 5+ Years of related experience
  • State Appraiser Certification required
  • Some appraisal courses, preferably given by the Appraisal Institute
  • Expert knowledge of commercial real estate appraising and valuation principles and practice
  • In depth knowledge of legal and regulatory aspects of commercial real estate market
  • Strong analytical and evaluative skills with the ability to combine numerous disparate pieces of data into a comprehensive structure to improve evaluative accuracy and effectiveness
  • Excellent interpersonal communications and negotiations skills with the ability to explain interpretive and subjective decisions
  • Strong prioritization and organizational skills including the ability to establish and change priorities based on sound business reasoning
  • Demonstrates ability to resolve appraisal issues with lenders and managers in pressure situations
  • Familiarity with FIRREA and USPAP
  • Excellent verbal and written communication skills
  • Ability to interact with, and provide excellent Customer service, to both external and internal Customers
  • Income capitalization methods
  • Residential subdivision experience
  • Strong Customer focus


Preferred Qualifications:
  • Requires extensive experience reviewing complex commercial real estate appraisals, including office, mixed-use, industrial, multifamily, special-purpose properties, data centers, and portfolio assignments. Ensures compliance with Federal Regulatory Guidelines, TD Bank Appraisal Policy, Interagency Appraisal & Evaluation Guidelines, and the Uniform Standards of Professional Appraisal Practice (USPAP). Prepares internal evaluations using industry and market data and reviews vendor-prepared evaluations. Proficiency with ARGUS and RIMS preferred.
  • Demonstrated expertise in the Connecticut and Westchester real estate market.
  • MAI designation or equivalent experience required. Connecticut and New York Certification required. Banking experience preferred, with working knowledge of Lending, Credit, Portfolio Management, and Syndications.
  • Provides market intelligence and Appraisal Policy guidance to Lending and Credit teams. Supports and participates in in-house Appraisal Training initiatives across the Bank.
  • Ability to prioritize and organize assignments in a busy work environment.


Physical Requirements:

Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%
  • Domestic Travel - Occasional
  • International Travel - Never
  • Performing sedentary work - Continuous
  • Performing multiple tasks - Continuous
  • Operating standard office equipment - Continuous
  • Responding quickly to sounds - Occasional
  • Sitting - Continuous
  • Standing - Occasional
  • Walking - Occasional
  • Moving safely in confined spaces - Occasional
  • Lifting/Carrying (under 25 lbs.) - Occasional
  • Lifting/Carrying (over 25 lbs.) - Never
  • Squatting - Occasional
  • Bending - Occasional
  • Kneeling - Never
  • Crawling - Never
  • Climbing - Never
  • Reaching overhead - Never
  • Reaching forward - Occasional
  • Pushing - Never
  • Pulling - Never
  • Twisting - Never
  • Concentrating for long periods of time - Continuous
  • Applying common sense to deal with problems involving standardized situations - Continuous
  • Reading, writing and comprehending instructions - Continuous
  • Adding, subtracting, multiplying and dividing - Continuous


The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.

About TD Bank

TD Securities offers a range of advisory and capital market services to its clients. The company's range of services includes research, investment banking, capital markets, and global transaction banking. Research consists of commodity and equity research. Investment banking consists of mergers, acquisitions, industry expertise, and credit origination. Global transaction banking consists of trade finance, cash management, and correspondent banking. TD Securities was founded in 1855 and is based in Ontario.

TD Bank Careers

Join the vibrant team at TD Bank, one of North America's leading financial services organizations, where innovation, leadership, and growth go hand in hand. At TD Bank, we are committed to fostering a culture of diversity and inclusion, making it an ideal place for ambitious professionals to thrive. Work You’ll Do At TD Bank, your professional journey is bolstered by a robust support system. From your first interview to every career milestone, you will find opportunities for growth and leadership. Our team is dedicated to helping you develop the skills necessary for success in the ever-evolving financial sector. TD Bank offers a variety of job opportunities across multiple fields, from customer service to investment banking. Each position at TD Bank is a chance to contribute to our culture of innovation and exceptional client service. Internship Programs Kickstart your career with a TD Bank internship. Our programs provide invaluable industry exposure and hands-on experience, making them a perfect starting point for students and recent graduates eager to make their mark in the banking industry. Interns at TD Bank enjoy the unique opportunity to work alongside seasoned professionals, gaining insights that are crucial for future employment. Benefits and Growth TD Bank is deeply committed to the well-being and continuous growth of our team members. We offer competitive benefits packages that cover health, finance, and family care. Our employees enjoy comprehensive health insurance, retirement plans, and generous paid time off, among other perks. Moreover, TD Bank encourages professional development through various training programs, including leadership development and diversity training. These initiatives ensure that our team remains at the forefront of industry standards and best practices. Join Our Team Explore the numerous career paths available at TD Bank and discover how your skills and interests align with our mission. We are actively hiring and continually looking for talented individuals who are passionate about banking and customer service. Networking and Professional Development At TD Bank, we believe in the power of networking and collaboration. Our employees have access to a wide range of networking events, workshops, and seminars that promote career development and professional growth. These platforms not only enhance your professional skills but also expand your industry connections. Stay Connected Keep up to date with the latest at TD Bank Careers by subscribing to our job alert emails. Tailor your subscription to match your career preferences and get the latest news, insider tips, and job opportunities delivered straight to your inbox. Explore job opportunities at TD Bank and be part of a team that values hard work, creativity, and a diverse workplace culture. Your next great career move is just a click away. SEARCH TD BANK JOBS Join us at TD Bank and let your ambition lead you to a rewarding career filled with opportunities to learn, grow, and innovate.
Learn more about TD Bank
Size
90,000 employees
Market Cap
$117.9 billion
Industry
Finance & Insurance
Net Income
-$6.9 million
5 Year Trend
+6.6%
* Ladders Estimates

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