Commercial Real Estate Review Appraiser

Job description

Location: Summary The Commercial Review Appraiser reviews completed real estate appraisals to ensure completeness, accuracy and compliance with First Horizon Bank Appraisal Risk Management Policy and Procedures Essential Duties and Responsibilities: - Assures that all appraisers used by First Horizon Bank are familiar with the guidelines and requirements regarding real estate appraisals, by directly communicating such guidelines and requirements to them. - Prepares RFPs and solicits bids for appraisals, ensuring quality, timing and cost factors are met - Selects pool of appraisers and assigns jobs to selected appraisers. - The Commercial Review Appraiser is capable of reviewing all completed real estate appraisals ordered by First Horizon Bank, and reviews them to ensure that: - The correct properties have been appraised as ordered; - All appropriate valuation concepts have been applied correctly; - Comparable values referenced are sufficient in number, and are recent enough to be indicative of current market conditions; - Appraiser's opinions of highest and best use are consistent with current market conditions; - Assumptions made regarding discount rates marketing period, occupan...