Review Appraiser
Company: First Merchants Bank
Location: Farmington
Posted on: February 17, 2026
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Job Description:
Job Description Job Description 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!
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