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Real Estate Valuation Specialist

Company: Mercantile Bank
Location: Grand Rapids
Posted on: May 24, 2023

Job Description:

At Mercantile Bank of Michigan, we are dedicated to our Customers, Employees and Communities. Our exceptional team members are committed to maintaining an environment of personal growth and development while providing professional and personalized service to customers and supporting our diverse communities.

Employees are our most valuable asset! If you have an interest in joining a team that operates with INTEGRITY, DISCIPLINE and PURPOSE, consider Mercantile Bank as a potential employer.

Real Estate Valuation Specialist


Prepares market value estimates for commercial real estate collateral in accordance with regulatory guidelines and bank policies.

ESSENTIAL DUTIES and RESPONSIBILITIES include the following. Other duties may be assigned.

Responsible for the timely completion of real estate evaluations containing the sales comparison and/or income approach to develop market values, primarily for commercial properties.

Conducts proactive comparable research and verification through multiple sources such as MLS, CoStar and public records.

Assists with appraisal engagement and appraisal review.

Communicates with lending staff to develop a full understanding of the transaction and maintain compliance with appraisal and evaluation guidelines.

Reviews mortgage legal descriptions and surveys to properly identify collateral.

Stays abreast of all appropriate laws, and regulations relating to real estate valuation.

Maintains all required governmental licensing and certifications. However, no appraisals will be done by this function.

QUALIFICATIONS To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Commercial real estate evaluation experience or licensed real estate appraiser preferred.

Bachelor's degree (B.A.) or equivalent.

1-5 years related experience and/or training; or equivalent combination of education and experience.

We believe embracing human diversity makes us a better bank. We know it makes us better people.

Employees with dissimilar backgrounds, perspectives, opinions and lifestyles help us understand the motivations and desires of our many different customers. Thus, we will strive to maintain a workforce that reflects the increasing diversity of the communities we serve by ensuring equal employment opportunity for all persons without discrimination on the basis of race, color, religion, sex/gender (including gender identity), national origin, age, height, weight, disability, medical condition, genetic information, sexual orientation, disabled or Vietnam era veteran, other forms of military status, marital status, or other protected characteristics.

Keywords: Mercantile Bank, Grand Rapids , Real Estate Valuation Specialist, Other , Grand Rapids, Michigan

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