Note: The job is a remote job and is open to candidates in USA. Bayview Asset Management is an investment management firm focused on investments in mortgage and consumer credit, including whole loans, asset-backed securities, mortgage servicing rights, and other credit-related assets. The Senior Associate, RE Valuations will provide internal evaluations for commercial real estate and lending-related business lines, assess loan and asset risks, conduct market research, evaluate appraisals, and present findings to internal stakeholders and credit committees.
Responsibilities
- Perform internal evaluations on various types of commercial real estate of all sizes, but mainly on assets greater than $10MM. Assets are mainly domestic real estate, but some components are international
- Formulate and present a well-researched opinion of value on real estate collateral and opine on loan and asset risks
- Conduct market research by contacting and having verbal discussions with real estate brokers, property managers, and leasing agents
- Prepare internal evaluations on CMBS assets and present opinion to credit committee for discussion. Most evaluations need to be completed in compressed time periods ranging from two to four hours
- Conduct periodic loan surveillance on assets held in our portfolio; evaluate loan and asset risks and report to management
- Evaluate appraisals for accuracy, reasonableness, compliance with our policies and procedures and underwriting guidelines. Collect feedback from our Underwriting team about appraisal and communicate with third-party appraisers to resolve deficiencies and maintain an audit trail of communication and revisions
- Rate performance of vendors to support recommendation for continuation of use on the approved appraiser and broker panel
- Perform internal evaluations on some residential 1-4 property types both domestic and international
- Conduct property site inspections, as needed
- Remain current on applicable appraisal regulations, guidelines, and industry standards
- Perform other duties as needed or assigned
Skills
- Bachelor's degree required
- Seven (7) years of current experience in commercial real estate appraisal
- Solid skill set in the use of Microsoft Office Suite, particularly Excel & Word, required
- Thorough understanding with Discounted Cash Flow models
- Strong understanding of USPAP and Interagency Appraisal and Evaluation Guidelines
- Strong verbal, written, and interpersonal skills
- Effective report writing and other written communication skills
- Ability to solve problems, make decisions, prioritize tasks, and meet required deadlines
- Ability to adapt to different situations and work independently with minimal supervision
- Ability to make decisions quickly, and confidently, based upon analysis
- Certified General Appraisal License required
- MAI or advanced candidate preferred
Benefits
- The opportunity for bonus compensation
- 100% in office, Hybrid (Tuesday - Thursday) or 100% remote
Company Overview
Company H1B Sponsorship