Job Description

Job Responsibilities

Responsibilities include but are not limited to:

1. Maintain contact with various departments to resolve problems relative to requests for appraisal work.
2. Monitor and evaluate the impact of changes in the commercial appraisal profession and recommend changes in official Valley National Bank Appraisal policies and procedures as appropriate.
3. Responsible for processing appraisal requests and customer billing to ensure that the skill level of outside fee appraisers is sufficient and that the fee quotes are reasonable.
4. Review appraisals to ensure that the methodology, market data and analysis are reasonable and that the report conforms to USPAP and Valley National Bank standards.
5. Travel to properties for primary inspections as well as Field Construction Inspections.
6. Search, Set-up and review of new appraisal firms for FF-E and Business Valuations for new territories which the bank has expanded into.
7. Make specific recommendations for the addition of Commercial and Special-Use Property Appraisers to Valley National Bank's Approved Appraiser List.
8. Perform appraisals for various departments within the bank, including the commercial loan department for Quality Control Purposes and validation of samples. These appraisals are performed monthly on a sample group of closed loans to meet underwriting guidelines.
9. Review quality control appraisals performed by outside appraisal firms to the results of the original appraisals and track results.
10. Review environmental reports to ensure that the methodology, market data and analysis are reasonable and that the report conforms to ASTM and Valley National Bank standards.

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