Valuation Quality Control III

World Business Lenders, LLC; Chicago (IL); Remote; USD 65,000 - 85,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

Life and disability insurance

401(k) with company match

Paid holidays and PTO

Fully remote work environment

Job summary

World Business Lenders (WBL) seeks an experienced appraisal reviewer to evaluate appraisals, CMAs, and BPOs across U.S. markets. You will test value conclusions, flag issues, and prepare findings for investment and asset-resolution decisions.

You will analyze rent rolls, NOI, cap rates, and cash flows for income properties, and compare budgets for construction loans, guiding loan origination, workouts, or REO dispositions. Fully remote role with East Coast business hours.

Qualifications

• 5+ years in appraisal, appraisal review, collateral valuation, underwriting, or asset management, the majority on commercial collateral.
• Hands-on commercial and income-property valuation or review experience; residential review experience is a plus.
• Working knowledge of the sales comparison, income, and cost approaches, and of USPAP.
• Experience with distressed, foreclosed, or REO property.
• Strong Excel, writing, and presentation skills, and the confidence to challenge unsupported conclusions.

Responsibilities

• Review appraisals, evaluations, BPOs, and CMA's for accuracy, methodology, and compliance with USPAP and the Interagency Appraisal and Evaluation Guidelines; return deficient reports for correction.
• Test value conclusions against independent market evidence (MLS, public records, CoStar, broker reports) in any U.S. market.
• Flag weak comparables, unsupported adjustments, stale data, math errors, and unreasonable extraordinary assumptions or hypothetical conditions.
• Analyze income property: rent rolls, operating expenses, NOI, cap rates, and discounted cash flow (DCF) assumptions.
• On construction and development loans, compare budgets, draws, and completion status against as-complete value conclusions.
• Recommend a value for each relevant premise (as-is, as-complete, as-stabilized, disposition) suited to the loan's stage: origination, performing, default, workout, or REO.
• Write concise findings and present recommendations for Investment, Asset Resolution, and Initial Credit Review.
• Recommend added work when information is insufficient: new appraisal, inspection, environmental, or engineering report.

Skills

Appraisal review

Collateral valuation

Underwriting

Asset management

USPAP knowledge

Excel

Written & presentation skills

Analytical reasoning

Education

Bachelor's degree in real estate, finance, economics, business

Tools

Excel

Job description

Overview

• World Business Lenders (WBL) is a privately held portfolio lender specializing in real estate-secured business loans for underserved businesses. WBL operates with a fully remote, multinational workforce and an experienced executive leadership team.
• Collateral spans U.S. markets, from primary metros to tertiary and rural locations, so this role must form defensible value opinions in markets the reviewer may not know firsthand.
• Typical schedule is 9:00 AM to 6:00 PM Eastern Time, Monday through Friday, with additional hours as committee timing and business needs require.

What You’ll Be Doing (Core Responsibilities)

• Review appraisals, evaluations, BPOs, and CMA's for accuracy, methodology, and compliance with USPAP and the Interagency Appraisal and Evaluation Guidelines; return deficient reports for correction.
• Test value conclusions against independent market evidence (MLS, public records, CoStar, broker reports) in any U.S. market.
• Flag weak comparables, unsupported adjustments, stale data, math errors, and unreasonable extraordinary assumptions or hypothetical conditions.
• Analyze income property: rent rolls, operating expenses, NOI, cap rates, and discounted cash flow (DCF) assumptions.
• On construction and development loans, compare budgets, draws, and completion status against as-complete value conclusions.
• Recommend a value for each relevant premise (as-is, as-complete, as-stabilized, disposition) suited to the loan's stage: origination, performing, default, workout, or REO.
• Write concise findings and present recommendations for Investment, Asset Resolution, and Initial Credit Review.
• Recommend added work when information is insufficient: new appraisal, inspection, environmental, or engineering report.

Requirements

Education

• Bachelor's degree in real estate, finance, economics, business, or a related field.

Required Experience

• 5+ years in appraisal, appraisal review, collateral valuation, underwriting, or asset management, the majority on commercial collateral.
• Hands-on commercial and income-property valuation or review experience; residential review experience is a plus.
• Working knowledge of the sales comparison, income, and cost approaches, and of USPAP.
• Experience with distressed, foreclosed, or REO property.
• Strong Excel, writing, and presentation skills, and the confidence to challenge unsupported conclusions.

Preferred Background / Industry Experience

• State Certified General or Certified Residential appraiser credential or progress toward Certified General.
• A professional valuation designation, or active candidacy for one, such as:
• AI-GRS (General Review Specialist, Appraisal Institute), the designation focused on commercial appraisal review
• MAI (Appraisal Institute), for commercial and income-producing property
• MRICS (Royal Institution of Chartered Surveyors)
• ASA (American Society of Appraisers), Real Property
• CCIM (CCIM Institute), for commercial investment analysis
• ARA (American Society of Farm Managers and Rural Appraisers), for rural and agricultural property
• AI-RRS or SRA (Appraisal Institute), for residential review and valuation
• Commercial appraisal review experience at a bank, portfolio lender, or private credit fund.

Familiarity with construction and development projects and the cash flow-based analysis used to value them.

• Familiarity with construction and development projects and the cash flow-based analysis used to value them.

Key Performance Measures

• Accuracy of recommended values against subsequent sales and recoveries
• Material deficiencies caught before funding, workout, or disposition decisions
• Review turnaround time and consistency with WBL standards
• Quality of written findings and committee presentations
• Growth into independent review of complex commercial and development assets

Remote Work Requirements

• Stable, reliable internet connection.
• Professional and dedicated remote working environment.

Benefits

• Compensation includes a base salary of $65,000-$85,000.
• Benefits include medical, dental, vision, life, and disability coverage; a 401(k) with company match; and paid holidays and paid time off (PTO).
• Work Environment: Fully remote work environment, with occasional travel for leadership off sites/corporate events.