Review Appraiser

First Merchants Bank is seeking a Review Appraiser to join our team! This position will be responsible for evaluating the credibility, accuracy, and regulatory compliance of real estate appraisal reports used to support the bank's lending decisions. This role involves conducting detailed reviews to ensure valuations are well-supported, align with Uniform Standards of Professional Appraisal Practice (USPAP) and Interagency Appraisal & Evaluation Guidelines, and meet internal bank policies. Review Appraisers collaborate closely with third-party vendors, loan officers, credit teams, and bank partners to resolve deficiencies, provide guidance, and promote high-quality valuation practices across the organization.

Essential Duties & Responsibilities: 

• Scope commercial appraisal reports using data provided by the lending team to appropriately address the appraisal problem. If the information provided is incomplete or unclear, work with lending partners to gain an understanding of the collateral and the appropriate requirements for the appraisals.


• Review narrative, commercial appraisal reports to ensure acceptable appraisal methodologies and techniques are utilized. Verify that the appraisal reports under review conform with USPAP, First Merchants minimum standards, and all applicable regulations. 


• Work with third-party appraisal vendors and bank partners to resolve deficiencies in appraisal reports. 


• Prepare appraisal review reports and narrative that are in compliance with the Uniform Standards of Professional Appraisal Practice (USPAP) (Standard #4). 


• Monitor market sources, investment data and financial markets to remain current on real estate market trends.


• Work closely with loan production staff to address questions they or the customer may have about appraisal reports. 


• Educate colleagues on compliance-related issues related to regulations, USPAP and First Merchants appraisal policy and procedures. Coach colleagues in the use of the appraisal ordering and management platform. 


• Escalate issues to the Managing Director, Commercial Appraisal Review when appropriate.

To be successful in this position, we require the following:

• Bachelor degree in business, economics or related field of study.


• A minimum of five (5) years of experience in commercial real estate valuation. 


• Possess a Certified General Appraiser credential. 

First Merchants offers the following:

• Base Pay PLUS Bonuses


• Medical, Dental and Vision Insurance


• 401k


• Health Savings and Flexible Spending Accounts


• Vacation/Sick Time


• Paid Holidays


• Paid Parental Leave


• Tuition Reimbursement


• Additional Benefits

A little about us:

First Merchants is guided by a genuine philosophy of being a meaningful place to work and having a prosperous impact across all walks of life throughout the communities we serve, including consumers, businesses and other organizations. Our Vision, Mission and Team statement reflect and reinforce that authentic service philosophy.

Our Vision is:

To enhance the financial wellness of the diverse communities we serve.

Our Mission is:

To be the most responsive, knowledgeable, and high-performing financial organization for our clients, teammates, and shareholders.

Our Team:

"We are a collection of dynamic colleagues with diverse experiences and perspectives who share a passion for positively impacting lives. We are genuinely committed to attracting and engaging teammates of diverse backgrounds. We believe in the power of inclusion and belonging."

Apply today to begin your career with us!