SunTrust Banks Real Estate Valuation Specialist 3 in Atlanta, Georgia

Req ID: W456343

Job Description

Real Estate Valuation Services (REVAL) team are responsible for administering commercial real estate valuation and environmental assessment for the commercial real estate lending function of supported LOBs. Formulates and implements policy to protect the quality of the Bank's real estate portfolio and to maintain compliance with requirements of the regulatory agencies. Orders and reviews real estate appraisals. Prepares/reviews/approves real estate evaluations. Orders and reviews environmental assessments. Provides relevant consultation services to internal customers.

Primary Responsibilities: * Order appraisals of commercial and residential real estate, and/or environmental reports, for Bank personnel. Understand a moderately high level of complexity of real estate taken as collateral by the Bank. Must be able to advise Bank personnel on matters of type of appraisal, types of values needed, required valuation scenarios, and/or environmental reports. Must be able to communicate requirements to external fee appraisers, and external environmental engineering firms, and know which service providers are most appropriate for a particular assignment. * Perform technical or compliance reviews of commercial and residential real estate appraisals, and/or environmental reports for compliance with law and policy, and for reasonableness and quality. Can competently understand and review moderately high, real estate taken as collateral by the Bank. * Modify values in appraisals, if qualified, when warranted and support the decision to do so according to USPAP and FIRREA requirements. * Perform moderately high level of complexity internal evaluations/validations. * Consult with Bank personnel on all matters of real estate valuation, market data, and/or environmental risk assessment. * Work with junior REVAL staff in providing guidance and assistance. Qualifications

Basic Qualifications

  • Bachelor's degree in a relevant discipline or an equivalent combination of education or relevant work related experience.
  • Real estate appraiser license or equivalent for environmental work.

Preferred Requirements

  • MAI designation or Advanced Candidate for designation

State General Certified Appraiser

3 to 5 years bank reviewing experience-primarily with commercial real estate

Work location is Atlanta

Special purpose property experience (going concern valuations)

Base Salary and/or any Annual Incentive Plan is commensurate with experience and background

Demonstrated working knowledge of the practical aspects of real estate appraisal, and/or environmental risk assessment.

Demonstrated working knowledge of regulations affecting the appraisal industry to include USPAP and FIRREA.

Demonstrated working knowledge of governmental regulations affecting the bank appraisal function.

Preference is 10 years experience or more doing moderately to complex assignments

Order and review appraisals for the business segments

Equal Opportunity Employer: SunTrust supports a diverse workforce and is a Drug Testing and Equal Opportunity Employer. SunTrust does not discriminate against individuals on the basis of race, creed, color, gender, religion, national origin, age, disability, veteran status, pregnancy, marital status, citizenship status, sexual orientation, gender identity, genetic information, or any other classification protected by applicable laws.

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