Appraiser III (Senior Commercial Real Estate Appraiser)

Appraiser III (Senior Commercial Real Estate Appraiser) The Appraiser III (Senior Appraiser) is responsible for technical oversight, quality control, and compliance of commercial real estate appraisal reports across Capital One Bank. This role ensures that all valuations adhere strictly to federal regulations, accepted industry practices, and Capital One Appraisal Policy and Standards. Additionally, the Senior Appraiser acts as a departmental leader—providing advisory support to Commercial Real Estate (CRE) lenders, mentoring junior team members, maintaining the bank’s approved appraiser vendor list, and stepping in to support team leadership in the absence of the Valuations Director. Key Responsibilities Appraisal Review & Quality Assurance • Review completed real estate appraisals to evaluate accuracy, methodology, and compliance with bank policy and regulatory guidelines. • Verify property specifics, highest-and-best-use analyses, capitalization/discount rates, market assumptions, and comparable sales data. • Issue formal acceptances or rejections of appraisal reports, working directly with staff and fee appraisers to resolve deficiencies or report errors. • Occasionally perform internal real estate valuations for bank use when required. Advisory & Portfolio Support • Serve as an authoritative subject matter expert on real estate appraisal programs and valuation policies across all bank departments. • Assist Commercial Real Estate Lenders with pre-approval analysis of prospective loans and collateral. • Support due diligence analyses on loan portfolios for potential bank mergers and acquisitions. Vendor Management & Compliance • Onboard and maintain an active, qualified panel of independent third-party appraisers, ensuring up-to-date credentialing, work samples, and reference checks. • Communicate appraisal guidelines, scope requirements, and regulatory expectations directly to external vendor partners. • Monitor appraisal assignments to ensure proper allocation, fee optimization (via competitive bidding), and adherence to strict turnaround timelines. Leadership & Departmental Operations • Serve as a secondary point of contact and operational lead for the Real Estate Valuations team in the absence of the Director. • Partner with leadership to mentor junior appraisers and provide guidance on technical appraisal deficiencies. • Oversee workflow tracking systems to maintain visibility into request statuses and ensure timely delivery of final reports to requesting loan officers. This role is designated as a hybrid position. You are expected to adhere to Capital One's hybrid policy regarding required on-site presence at your designated office location. Basic Qualifications: • Bachelor’s Degree in Real Estate, Finance, Economics or Military Experience. • At least 6 years of professional real estate appraisal or valuation review experience. Preferred Qualifications: • 6+ years of professional real estate appraisal or valuation review experience in commercial real estate or banking . • Certified General Real Estate Appraiser license or MAI designation. • Strong knowledge of USPAP, FIRREA, and federal banking regulations governing real estate collateral. • Experience evaluating complex commercial property types and market analysis models. • Experience reviewing appraisals for new construction LIHTC developments and has an understanding of the IRS Section 42 Housing Program and rent restrictions relative to HUD’s Area Median Income (AMI). At this time, Capital One will not sponsor a new applicant for employment authorization, or offer any immigration related support for this position (e.g. H1B, F-1 OPT, F-1 STEM OPT, F-1 CPT, J-1, TN, E-3, and O-1, or any other forms of work authorization that require immigra