What does the title "Chief Appraiser" mean?

[RSW]

I have had several calls from people working for the lenders who claim to be a Chief Appraiser. Many of them appear to know what they are talking about. But, once in a while I get one that just blows my mind. How do they get the title "Chief Appraiser" and what does it really mean?:icon_question:

 

[airphoto]

Like working at the bank .. mostly Vice Presidents .. worth about ten cents more than minimum wage ..

 

[Ms. Janet]

For some lenders and AMCs, it is another level of review appraiser

 

[Marcia Langley]

Unless tightly regulated (lol) job titles are left up to the employer.

In my previous career as an "engineering manager" job titles underwent frequent changes over the last half of the 20th century from "engineer" to distinctions in the same job between those with professional engineering credintials and those without to finally just giving everyone the same lower-credential title.

In practice, I'm guessing that at least the big banks' chief appraisers have appraiser credentials.

 

[panappr]

I remember there used to be class I, Class II, Class III, then Chief Appraiser. It was primarily a bank rating, and we used to put it on our appraisals. I miss those days.

 

[Lost Cause]

Simply put, Chief Appraiser is a title used at banks and other institutions for the person who manages the appraisal department. He/She would set the institution's appraisal polices (in conjunction with upper management) and the institution's appraisal staff would all report to him/her. I know of some banks which have two separate, independent positions: Chief Residential Appraiser and Chief Commercial Appraiser. I believe Countrywide had a split like that. Wells Fargo, too. In most banks (big ones, anyway), the Chief Appraiser reports to the credit department rather than to the lending department to help preserve appraiser independence.

All the Chief Appraisers I have known have been qualified appraisers.

 

[JRS at OBX]

I'm the chief appraiser at my company, but I'm also the janitor and secretary too.

 

[George Ellerman]

I have had several calls from people working for the lenders who claim to be a Chief Appraiser. Many of them appear to know what they are talking about. But, once in a while I get one that just blows my mind. How do they get the title "Chief Appraiser" and what does it really mean?:icon_question:

+ =

Chief Appraiser !!!

 

[LuckyLucy48]

I thought it was a title for the # 2 guy in a county POA.
T

 

[Vermonter]

"Chief" is defined as the only appraiser in the building with an actual license.