Orders and reviews appraisals and evaluations used for commercial real estate lending and provides appraisal and consulting services to all lines of business and transaction-specific professional guidance. Specific responsibilities include, but are not limited to, scoping requests for services, bidding process, award process, managing external suppliers and appraisal review. Additional responsibilities may include client team training; supervisory responsibilities, including management of procurement or review teams; and/or management of external reviewers.
Evaluates valuation requests for policy/regulatory compliance:
Develops vendor statements of work for each order
Selects prequalified vendors and distributes RFPs
Executes award and monitors vendor performance
Reviews reports for contract compliance; grades performance
Performs quality assurance (detailed) reviews
Invoice preprocessing and validation
1st -level business and vendor dispute resolution (e.g. vendor selection, utilization frequency, invoicing, etc.)
Active State-Certified General Real Estate Appraisal Credential
5+ years commercial real estate appraisal experience
Intermediate proficiency in the use of the following software applications: Argus (cash flow software), Microsoft Excel (spreadsheet).
Basic proficiency in other department programs including: Microsoft Word (word processing)
An in-depth working knowledge of valuation theory and methodology for commercial and residential appraisals
Able to write concise technical opinions in language comprehensible to expert and layman alike
Able to work independently in a remote setting
Commercial appraisal review experience for federally-regulated banking institution or equivalent highly preferred
Experience writing commercial appraisals
1st shift (United States of America)
Hours Per Week:
Internal Number: 21037378
About Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses, and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world.