Appraisal and Valuation Services Position - MUFG Bank

APPRAISAL AND VALUATION SERVICES POSITION

The person in this role will be responsible for assisting in the operation and management of the Valuation Services Department.

Major Responsibilities:

Appraisal and Valuation Consulting Services

The person in this position will perform commercial appraisal reviews under Standards 3 and 4, including assuring that any deficiencies in commercial appraisal reports are corrected by either the original appraiser or are corrected by the review appraiser.

MUFG Bank may act, 1) as sole lender, 2) as agent in syndication deals, or 3) as a participant in syndication deals. Therefore, there will be times when the reviewer will be required to review, and possibly correct, an appraisal not ordered by MUFG Bank. The reviewer may not be able to discuss the appraisal report with the appraiser.

When MUFG Bank is acting as an agent, the person in this position will assist the Chief Appraiser in managing the process, including collecting participant comments and ensuring that the appraiser addresses all comments.

Additional duties include providing commercial appraisal services (appraisals, reviews, validations, and consultations) in a manner that is compliant with all state and federal regulations, timely, and cost effective.

Other Valuation Services Management

This position includes management of appraisal, construction, and environmental report processes, including ordering and tracking, management of all required data for vendors, providing reviews, properly storing data and reports on the server, and billing.

This role includes assisting in identification and vetting of third-party vendors using appropriate third-party risk management.

The role will also assist in quality control and audit functions, such as performing quality reports and assisting auditors with their requests.

This role is required to maintain effective and open channels of communication with the various Bank departments.

The person will also assist other areas of the bank in understanding the requirements of the three services provided or in providing internal consultation services.

Knowledge Required - This position requires thorough knowledge and understanding of the following:

Knowledge required prior to employment includes the following.

1. Commercial appraisal and appraisal review experience
2. Uniform Standards of Professional Appraisal Practice (USPAP)
3. FIRREA real estate appraisal regulations

This position is primarily focused on appraisal, but it is intended that the ideal person will assist the Valuation Services Director in the oversight of the Appraisal, Construction, and Environmental due diligence, and be responsible for maintaining workflow during absences of the Director. Therefore, the person will be required to become familiar with the following Bank policies and standards.

1. Commercial Appraisal Policy and Standards
2. Construction Policy and Standards
3. Environmental Policy and Standards

The person in this role must possess the following skills.

1. Be able to communicate effectively, both verbally and in writing, with various units of the bank, as well as vendors.
2. Be organized.
3. Exercise capable and mature judgement.
4. Be able to work with others and independently to accomplish all tasks and goals.
5. Be proficient in common tools, such as Word and Excel.
6. Be flexible and willing to implement best practices and address change as needed.

Minimum Requirements:

1. Certified General Appraisal License in at least one state, with no history of violations in any state.
2. Four-year college degree
3. Minimum 10 years of commercial real estate appraisal experience
4. Ability to be comfortable reviewing appraisals of all commercial property types and in different geographic locations.
5. Commercial appraisal management experience, ideally in multiple commercial property types, is a plus.

Please submit your resume to Karen Davidson, MUFG Bank, KDavidson@us.mufg.jp.