Appraisal Manager Job Description [Updated for 2024]

In the dynamic world of real estate, the role of appraisal managers has never been more crucial.

As the market ebbs and flows, the need for experienced professionals who can accurately assess, manage, and protect our real estate investments increases.

But let’s dig a little deeper: What’s truly expected from an appraisal manager?

Whether you are:

• A job seeker trying to understand the core of this role,
• A hiring manager outlining the perfect candidate,
• Or simply curious about the nuances of appraisal management,

You’ve come to the right place.

Today, we’re introducing a customizable appraisal manager job description template, designed for seamless posting on job boards or career sites.

Let’s dive right in.

Appraisal Manager Duties and Responsibilities

Appraisal Managers play a key role in the real estate industry, overseeing the valuation of properties for sale, rent, taxes, loans, or insurance purposes.

They are responsible for managing a team of appraisers and ensuring the accuracy and validity of all appraisals conducted by their team.

The duties and responsibilities of an Appraisal Manager include:

• Overseeing the work of a team of property appraisers
• Reviewing and validating property appraisal reports for accuracy and completeness
• Maintaining up-to-date knowledge of real estate market trends and property values
• Developing and implementing appraisal policies and procedures
• Coordinating with lenders, homeowners, and other stakeholders to schedule appraisal appointments
• Ensuring compliance with all relevant regulations and standards
• Providing training and guidance to appraisers on valuation techniques and methods
• Handling any disputes or issues arising from property appraisals
• Maintaining records of all appraisals conducted
• Preparing and presenting appraisal reports to senior management or clients

 

Appraisal Manager Job Description Template

Job Brief

We are seeking an experienced and diligent Appraisal Manager to oversee our team of appraisers.

The responsibilities of the Appraisal Manager include managing the daily operations of the appraisal department, ensuring accurate and fair valuations, and maintaining compliance with all regulations and standards.

Candidates should possess a deep understanding of property valuation processes and have a strong ability to lead and motivate a team.

The Appraisal Manager should streamline appraisal procedures to ensure quick and efficient services.

 

Responsibilities

• Manage and oversee the daily operations of the appraisal department.
• Ensure all appraisals are conducted in a timely and accurate manner.
• Ensure compliance with regulations and professional standards.
• Conduct regular reviews of appraisals and provide feedback to staff.
• Recruit, train, and mentor appraisal staff.
• Develop and implement departmental policies and procedures.
• Manage relationships with clients, lenders, and staff.
• Resolve customer complaints and issues in a professional manner.
• Prepare and present reports on departmental performance.

 

Qualifications

• Proven work experience as an Appraisal Manager or similar role.
• Thorough understanding of appraisal procedures and regulations.
• Excellent leadership and team management skills.
• Strong communication and interpersonal skills.
• Ability to handle multiple tasks and meet deadlines.
• Proficiency in appraisal software and computer systems.
• Bachelor’s degree in Business Administration, Finance, Real Estate or related field.
• Certification as a Real Estate Appraiser is highly desirable.

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Professional development opportunities

 

Additional Information

• Job Title: Appraisal Manager
• Work Environment: Office setting with occasional site visits. Some travel may be required for property appraisals and client meetings.
• Reporting Structure: Reports to the Director of Real Estate or Senior Appraisal Manager.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $70,000 minimum to $110,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does an Appraisal Manager Do?

Appraisal Managers typically work in real estate or financial companies, supervising a team of appraisers.

They may also be hired by private or governmental entities that require professional appraisal services.

They oversee the appraisal process, from the initial request for an appraisal, to the final report.

This involves coordinating with appraisers, real estate agents, and homeowners to ensure smooth operations.

An Appraisal Manager’s main duty is to ensure that appraisals are accurate, fair, and comply with local and federal regulations.

They review the appraisers’ reports, validate their findings, and make adjustments if necessary.

They are also responsible for providing training and guidance to appraisers, helping them stay current with industry standards and changes in regulations.

Furthermore, they are involved in handling any disputes or complaints related to appraisals, and they work closely with their team to resolve such issues in a timely and professional manner.

In some organizations, Appraisal Managers may also be involved in developing and implementing appraisal policies and procedures, and they regularly monitor the market to stay updated with real estate trends and values.

 

Appraisal Manager Qualifications and Skills

An effective Appraisal Manager should have the qualifications and skills that align with your job description, such as:

• Strong analytical and problem-solving skills to evaluate property, assess market trends and gather comparable data in order to determine the value of the property.
• Excellent communication skills to effectively liaise with clients, appraisers, and lenders, explaining the appraisal processes and results in a clear and concise manner.
• Knowledge of real estate laws and regulations to ensure all appraisals are conducted legally and ethically, protecting the interests of both the lender and the borrower.
• Experience in managing teams of appraisers and coordinating their activities to ensure timely completion of appraisals.
• Ability to work under pressure and meet strict deadlines, as valuations are often needed urgently for loans or sales to proceed.
• Detail-oriented with a high level of accuracy in order to minimize any errors in property valuations.
• Proficiency in appraisal software and technology, in order to efficiently manage appraisal orders, maintain records, and analyze appraisal reports.
• Customer service skills to manage client expectations, resolve any issues, and maintain a high level of client satisfaction.
• Advanced knowledge of valuation methods and techniques, as well as familiarity with the local real estate market.

 

Appraisal Manager Experience Requirements

Appraisal Managers typically require a minimum of 3 to 5 years of experience in the field of real estate appraisal or a related area.

They should have practical experience in conducting property appraisals, understanding market trends, and ensuring adherence to legal guidelines and regulations.

During their early career, they may gain experience in roles such as Appraisal Analyst, Appraisal Associate, or Real Estate Analyst, where they build their understanding of property values, market trends, and different appraisal methodologies.

Appraisal Managers also need experience in managing a team and overseeing multiple projects at once.

They may gain this experience in a team lead role or as a Senior Appraiser.

Additionally, those with over 7 years of experience may have extensive expertise in property valuation and a deep understanding of the legal and regulatory environment.

They may also have a proven track record of managing complex appraisal projects and leading a team of appraisers.

Further, experience with specific appraisal software and other industry-related technology tools is often required.

Advanced communication, negotiation, and conflict resolution skills are also typically developed through years of industry experience.

 

Appraisal Manager Education and Training Requirements

Appraisal Managers typically hold a bachelor’s degree in business, finance, real estate or a related field.

In addition to this, they should have a strong understanding of valuation principles, real estate market trends and property laws.

A certification or license from an accredited appraisal organization, such as the Appraisal Institute or American Society of Appraisers, is often required.

These certifications indicate a high level of expertise and professionalism in the field.

Some positions might require Appraisal Managers to have a Certified General Real Property Appraiser license, which requires not only education but also experience in real estate appraisal.

Continuing education is crucial as it helps keep up with changes in laws and market trends.

Some appraisal managers may also pursue a master’s degree in business administration or finance for further career advancement.

A proven track record in real estate appraisal along with strong leadership skills is often preferred by employers.

 

Appraisal Manager Salary Expectations

An Appraisal Manager earns an average salary of $81,587 (USD) per year.

The actual earnings may vary depending on factors such as years of experience, company size, industry, and geographical location.

 

Appraisal Manager Job Description FAQs

What skills does an appraisal manager need?

Appraisal managers should possess strong analytical skills to understand and interpret complex property data.

Good organization and time management skills are crucial to manage multiple appraisals and meet deadlines.

They should also have excellent communication and negotiation skills to interact with various stakeholders, such as clients, appraisers, and lenders.

 

Do appraisal managers need a degree?

Yes, most appraisal managers hold a bachelor’s degree in Real Estate, Business, Finance, or a related field.

They also need a real estate appraiser license, which requires specific coursework and hours of experience.

Some companies might prefer candidates with a Certified General Real Property Appraiser credential or a similar certification.

 

What should you look for in an appraisal manager resume?

An appraisal manager’s resume should showcase their education, license, and certifications.

Look for experience in real estate appraisal, preferably in a leadership role.

The candidate should also demonstrate knowledge of appraisal methods, real estate markets, and regulations.

Familiarity with appraisal software and databases is a plus.

 

What qualities make a good appraisal manager?

A good appraisal manager is detail-oriented and analytical, capable of carefully reviewing appraisal reports and making informed decisions.

They have strong leadership skills to manage and motivate the appraisal team.

Excellent communication skills are vital for interacting with various stakeholders and for providing clear instructions to appraisers.

Furthermore, they should have a deep understanding of real estate markets and stay updated on industry trends and regulations.

 

What are the daily duties of an appraisal manager?

Appraisal managers typically start their day reviewing appraisal orders and assigning them to appraisers.

They monitor the progress of appraisals, reviewing and verifying the accuracy of appraisal reports.

They also communicate with clients, lenders, and appraisers to resolve any issues or discrepancies.

Additionally, they ensure compliance with state and federal regulations and may participate in recruiting and training new appraisers.

 

Conclusion

And there you have it.

Today, we’ve unraveled the intricate role of an appraisal manager.

Surprising, isn’t it?

It’s not just about valuing properties.

It’s about shaping the real estate market, one appraisal at a time.

With our definitive appraisal manager job description template and real-world examples, you’re on the right track to make your move.

But why stop there?

Dig deeper with our job description generator. It’s your next step towards creating meticulously crafted job listings or perfecting your resume.

Remember:

Every appraisal is a cornerstone of the real estate industry.

Let’s shape that market. Together.

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