Commercial Appraisal & Valuations Specialist

Location: California

2023 Genesis Capital, LLC. All rights reserved. Genesis Capital, LLC (“Lender”) and its affiliates (collectively, “Genesis Capital”) originates business purpose loans. Loans are for business purposes only and not for personal, family, or household use. This does not constitute a commitment to lend. All loans must satisfy Lender’s underwriting guidelines and due diligence.

Loan amounts, interest rates and costs presented are for informational purposes only and are subject to change without notice and at Lender’s discretion until such time a definitive agreement is duly executed by Lender and Borrower (and any other applicable parties). Other conditions may apply. Genesis Capital (NMLS  # 1454907), and certain employees, perform acts for which a license is required;

see  for details.

Commercial Appraisal & Valuations Specialist page is loaded## Commercial Appraisal & Valuations Specialist locations:
CA, Sherman Oakstime type:
Full time posted on:
Posted 2 Days Agojob requisition :
R9462(the “Company”) is one of the largest business purpose lenders in the country, focused on providing commercial real estate financing solutions to real estate developers who buy, renovate, and sell single-family and/or multi-family residential real estate. The Company is a subsidiary of Rithm Capital (parent company), a publicly traded mortgage real estate investment trust.

The Commercial Appraisal & Valuations Specialist is primarily responsible for the full life cycle management of the commercial valuation process. This includes order origination (in coordination with valuation coordinator staff) and in-depth review of commercial appraisals in support of lending activities across most major US metropolitan areas, with a focus on multifamily construction and residential subdivision/tract development property types. This position requires a high degree of competency in the review of complex/high risk property types, including an in-depth understanding of valuation risk management best practices and familiarity with lending and credit risk processes.#

Principal Duties:
** ESSENTIAL FUNCTIONS
** include the following. Other duties may be assigned.
* Help perform market research and risk analysis of commercial real estate at the loan preflight stage.
* Analyze loan and property information to determine appropriate valuation scope of work.
* Review exhibits and supporting materials to assess the adequacy of information in support of valuation assignments in the context of the credit action. Follow-up on information requests as needed with lending and support staff.
* Monitor appraisal orders to ensure on-time delivery, as well as follow-up on new exhibits and/or scope of work revisions with appraisers and lending staff.
* Perform USPAP compliant commercial appraisal reviews in support of lending and loan monitoring activities, including meaningful risk analysis of the collateral property and market area.
* Support the approved appraiser vendor management process, including the identification of talent and proactive effort to foster good working relationships with approved appraisers to ensure exceptional service and quality.
* Support a positive and collaborative working environment, with flexibility and willingness to participate in process improvements and strategic growth initiatives.
* Elevate issues or concerns in a timely manner to department management.
* Other duties may be assigned.# #

Education and Experience To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. 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.
* Bachelor’s degree in business or related area strongly preferred.
* Hold an active Certified General Real Estate Appraiser License.
* Possess a minimum of 10 years of relevant commercial appraisal experience, with at least 2 years of valuation experience within a banking-related industry.
* Valuation experience must include multifamily construction and residential subdivision/tract development property…