Commercial Review Appraiser Sr

Position Title

Commercial Review Appraiser Sr

Location

Nationwide, MI 48098

Job Summary

Assist the Chief Appraiser with Department functions as needed/directed, including but not limited to: 1. maintaining compliant, prudent and appropriate valuation practices for real estate related transactions originated and serviced by commercial lending channels 2. ensuring real estate valuation reports are compliant, credible and acceptable for bank use 3. maintaining appraisal independence 4. procuring valuations from qualified third-party vendors 5. operating in compliance with all Federal Regulations, USPAP, and state licensing laws.

Job Responsibilities

JOB RESPONSIBILITIES

• Reviews complex real estate valuation reports on properties pledged as collateral securing Commercial related loan transactions, to ensure valuations are in compliance with Federal Regulations (Interagency Appraisal & Evaluation Guidelines & FIRREA), USPAP, Flagstar Bank’s Appraisal requirements, Flagstar Bank's Appraisal Policy & Appraisal Procedures. Reviewer must ensure the work under review is reasonable, adequately supported and appropriate for bank loan decision-making purposes and to protect the Bank from increased risk of loss, delinquencies and regulatory scrutiny, as the valuation of the real estate collateral is an essential component to the safety and soundness of Flagstar Bank loan transactions.
• Provides written appraisal and evaluation review reports and validations of value reports on complex valuation reports. Written reports provide adequate details as to the level of analysis, appraisal theory, techniques utilized, reasonableness, and ultimately the support for value conclusions for internal loan decision-making purposes. Reports will communicate the acceptance, rejection or modification of all valuation work under review.
• Procures the appropriate valuation reports (appraisals and evaluations) for complex commercial related loan transactions from qualified valuations vendors on Flagstar Bank's approved vendor list. Contractually engaging vendors with the appropriate scope of work and type of report to ensure credible assignment results, while maintaining appraisal independence
• Interacts with appraisal and evaluation vendors, and Flagstar Bank Associates to facilitate the flow of required information and completion of valuation products in a timely manner, while maintaining appraiser independence and a high degree of internal and external customer service.
  
  

Additional Accountabilities

• Performs special projects, and additional duties and responsibilities as required.
• Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.
  
  

Job Requirements

Required Qualifications:

• Education level required: High School / High School Equivalency (GED, HiSET, TASC) / Foreign Equivalent, Bachelor’s degree in related field preferred.
• Minimum experience required: 8 Years in appraisal, with a focus on writing/reviewing complex reports.
• State Certified General Real Estate Appraiser License.
• Demonstrated ability to read and comprehend complex commercial appraisal reports. Demonstrated ability to provide clear and concise communication and reports.
  
  

Preferred Qualifications

• Bachelor’s Degree in Business, Finance or Real Estate.
• Proficiency in ARGUS.
• Intermediate knowledge of Microsoft Word and Microsoft Excel. General working knowledge and understanding of bank activities, regulatory compliance, bank operations, and bank functions.
  
  

Job Competencies

• Understanding of commercial real estate appraisal methodologies, including income, cost, and sales comparison approaches.
• Knowledge of the Uniform Standards of Professional Appraisal Practice and its application in commercial lending.
• Familiarity with FIRREA, OCC, FDIC, and other regulatory guidelines governing real estate valuation in financial institutions.
• Ability to critically evaluate appraisal reports for credibility, compliance, and appropriateness for bank use.
• Skilled in sourcing, vetting, and managing third-party appraisal vendors to ensure quality and independence.
• Strong written and verbal communication skills for interacting with internal stakeholders, vendors, and regulators.
• High level of accuracy in reviewing complex valuation documents and identifying discrepancies or non-compliance.
• Ability to uphold appraisal independence in accordance with regulatory and ethical standards.
• Capable of managing multiple assignments and deadlines in a fast-paced environment.
• Demonstrates a strong ability to build and maintain effective relationships with stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging cross functional insights. Aligns relationship building efforts with enterprise goals to accelerate performance and drive strategic results.
• Builds trusted client relationships, whether internal or external, by identifying needs and delivering tailored solutions to enhance the overall client experience.
• Fosters or supports a positive work culture and productive work environment, displaying importance of effective relationships with customers and stakeholders.
• Physical demands (ADA): The job requires a moderate degree of physical exertion and stamina such as standing, sitting, walking, driving or infrequent lifting.
  
  

Flagstar is an Equal Opportunity Employer

We are committed to providing clear and accurate compensation information in accordance with applicable laws. Actual starting base pay will be determined based on location, experience, and other non-discriminatory factors permitted by law. Total compensation may also include variable incentives, bonuses, commissions, or other awards as outlined in the offer of employment. Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program. Please click the following link for detailed information: Benefits | Flagstar Bank

Pay Range

$94,536.00 - $151,500.00

Qualified applicants with arrest or conviction records will be considered for employment in accordance with the California Fair Chance Act, the Los Angeles County Fair Chance Ordinance, the City of Los Angeles Fair Chance Initiative for Hiring Ordinance, and the San Francisco Fair Chance Ordinance, as appliable.