Certified General Appraiser, Commercial Appraiser, Valuation Specialist
Perform independent evaluations of real estate serving as collateral for business loans that meet evaluation standards as set by business loan policy. Conduct a thorough analysis of real estate property to provide an estimate of the real estate’s market value. Assist Credit Administration with risk management by acting in an advisory capacity on real estate values and trends.
Essential Duties and Responsibilities: Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time. 1. Evaluate real estate property throughout assigned territory and determine an appropriate value utilizing standard appraisal methodology with a particular focus on large, complex properties. 2. Fully evaluate and document evaluations in standard Bank format in describing the real estate collateral, condition, current and projected use. Describe the source(s) of information used in the analysis, the analysis and supporting information, and provide an estimate of the real estate’s market value, with any limiting conditions. 3. Assist Credit Administration with risk management by acting in an advisory capacity on real estate values and trends. 4. Develop and maintain local market knowledge regarding real estate developments and trends. 5. Select and coordinate third-party real estate evaluations through appropriate vendor for subject property type. 6. Ensure full consistency with evaluation content as outlined in Part 323 of the Federal Deposit Insurance Corporate (FDIC) Rules and Regulations. 7. Ensure the integrity of the evaluation request through validation of the legal description and ownership interest. 8. Conduct on-site visits to inspect and perform in-depth analysis on more complex projects. 9. Develop and maintain professional contacts in assigned territory to keep current on market trends. 10. Meet all service level standards for responsiveness to internal Bank clients.
Required Skills and Competencies: The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
1. Bachelor’s degree or equivalent experience and related training 2. Four years of previous real estate evaluation experience to include a real estate appraiser, commercial real estate broker, commercial property manager, commercial real estate lender or similar experience in a commercial real estate legal capacity 3. Demonstrated knowledge of the local commercial real estate market 4. Ability to work independently 5. Ability to deal with complex real estate property types and legal structures 6. Ability to develop proficiency in Part 323 of the FDIC Rules and Regulations as it relates to federal requirements for appraisals and evaluations on collateral for loans 7. Achieve and maintain all educational requirements and certifications established for the Real Estate Evaluator position 8. Demonstrated proficiency in basic computer applications such as Microsoft Office software products 9. Proven analytical abilities 10. Ability to travel, occasionally overnight
Desired Skills: 1. Real Estate designation (e.g. Certified Appraiser, Broker, Property Manager) 2. Ability to develop proficiency in the Bank’s appraisal policy for business lending
BB&T is an Equal Opportunity Employer and considers all qualified applicants regardless of race, gender, color, religion, national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law.
Telecommuting is allowed.
Internal Number: R0016499
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