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CIT GROUP INC. - Livingston, NJ

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Asssociate - Appraiser-Real Estate

CIT Group Inc.





Founded in 1908, CIT (NYSE: CIT) is a financial holding company with approximately $50 billion in assets as of Dec. 31, 2017. Its principal bank subsidiary, CIT Bank, N.A., (Member FDIC, Equal Housing Lender) has approximately $30 billion of deposits and more than $40 billion of assets. CIT provides financing, leasing, and advisory services principally to middle-market companies and small businesses across a wide variety of industries. It also offers products and services to consumers through its Internet bank franchise and a network of retail branches in Southern California, operating as OneWest Bank, a division of CIT Bank, N.A. For more information, visit

This position will report to the Assistant Vice


Appraisal Manager, who reports to the Chief Commercial Appraiser, in support of Risk Management goals and objectives. Preferred location is Pasadena California but may consider a Livingston, NJ location


• Perform detailed appraisal reviews, with primary focus on all types of commercial real estate in the Southern California market area, as well as on a national level

• Perform detailed review and analysis of all types of commercial appraisal reports prepared by vendors, to ensure these appraisals meet applicable standards, guidelines and techniques for compliance with bank policies, procedures, applicable laws and regulations

• Assist in managing valuation assignments for commercial loans; including bidding and turn time negotiation, working closely with third party commercial appraisers and valuation vendors

• Proactively identifies high risk commercial markets/property types and trends and identifies solutions within the appraisal and review process based on this information

• Technical appraisal consultant to commercial business units and staff members

• Ability to handle multiple reviews at one time

• Bachelor’s degree or equivalent work experience; MBA preferred

• State Certified General Appraiser with 5 years of experience in all types of Commercial Real Estate valuation in the Southern California market area

• Background in commercial appraisal review of narrative and form reports. National review experience preferred

• Strong knowledge of appraisal regulatory requirements such as USPAP, Interagency Appraisal and Evaluation Requirements

• Excellent analytical and problem solving skills. Highly developed


and follow-up abilities with the capability of multi-tasking effectively and efficiently in a high-volume environment

• Excellent verbal and written communication and interpersonal skills. Strong analytic skills and decision making ability, desire to work independently and meet established production standards, proficient PC and appraisal software knowledge (Argus).

• Working knowledge of RIMS/Exact Bid

10 days 19 hours ago



Real Estate CIT GROUP INC. - Livingston, NJ, United States


Location: Livingston, NJ

Company Profile:
CIT Group Inc. operates as the holding company for CIT bank that provides commercial financing and leasing products; and a suite of savings options in the United States. The company operates in five segments: Corporate Finance, Transportation Finance, Trade Finance, Vendor Finance, and Consumer. The Corporate Finance segment offers lending, leasing, and other financial and advisory services to small and middle-market companies in various industries, such as commercial and industrial, communications, media and entertainment, healthcare, and energy. The Transportation Finance segment provides aircraft and railcar, leasing and financing solutions to operators and suppliers in the aviation and railcar industries. This segment also offers lending and other financial products and services to companies in the transportation sector, such as business aircraft, maritime, and aerospace and defense industries. The Trade Finance segment provides a range of domestic and international customized credit protection, lending, and outsourcing services that include working capital and term loans, factoring, receivables management products, bulk purchases of accounts receivable, import and export financing, and letter of credit programs to retail supply chain companies. The Vendor Finance segment partners with manufacturers, distributors, dealers, and product resellers to deliver financing and leasing solutions to end-user customers for the acquisition of equipment. The Consumer segment offers government-guaranteed student loan portfolios, which are in run-off. The company also provides account receivables collection, acquisition and expansion financing, asset management and servicing, credit protection, financial risk management, import and export financing, insurance, letters of credit, and mergers and acquisition advisory services, as well as debt restructuring, underwriting, and syndication services. CIT Group Inc. was founded in 1908 and is headquartered in Livingston, New Jersey.