Overview

Appraiser III (Senior Commercial Real Estate Appraiser)

The Appraiser III (Senior Appraiser) is responsible for technical oversight, quality control, and compliance of commercial real estate appraisal reports across Capital One Bank. This role ensures that all valuations adhere strictly to federal regulations, accepted industry practices, and Capital One Appraisal Policy and Standards. Additionally, the Senior Appraiser acts as a departmental leader—providing advisory support to Commercial Real Estate (CRE) lenders, mentoring junior team members, maintaining the bank’s approved appraiser vendor list, and stepping in to support team leadership in the absence of the Valuations Director.

Key Responsibilities

Appraisal Review & Quality Assurance

• Review completed real estate appraisals to evaluate accuracy, methodology, and compliance with bank policy and regulatory guidelines.
• Verify property specifics, highest-and-best-use analyses, capitalization/discount rates, market assumptions, and comparable sales data.
• Issue formal acceptances or rejections of appraisal reports, working directly with staff and fee appraisers to resolve deficiencies or report errors.
• Occasionally perform internal real estate valuations for bank use when required.

Advisory & Portfolio Support

• Serve as an authoritative subject matter expert on real estate appraisal programs and valuation policies across all bank departments.
• Assist Commercial Real Estate Lenders with pre-approval analysis of prospective loans and collateral.
• Support due diligence analyses on loan portfolios for potential bank mergers and acquisitions.

Vendor Management & Compliance

• Onboard and maintain an active, qualified panel of independent third-party appraisers, ensuring up-to-date credentialing, work samples, and reference checks.
• Communicate appraisal guidelines, scope requirements, and regulatory expectations directly to external vendor partners.
• Monitor appraisal assignments to ensure proper allocation, fee optimization (via competitive bidding), and adherence to strict turnaround timelines.

Leadership & Departmental Operations

• Serve as a secondary point of contact and operational lead for the Real Estate Valuations team in the absence of the Director.
• Partner with leadership to mentor junior appraisers and provide guidance on technical appraisal deficiencies.
• Oversee workflow tracking systems to maintain visibility into request statuses and ensure timely delivery of final reports to requesting loan officers.

This role is designated as a hybrid position. You are expected to adhere to Capital One's hybrid policy regarding required on-site presence at your designated office location.

Basic Qualifications:

• Bachelor’s Degree in Real Estate, Finance, Economics or Military Experience.
• At least 6 years of professional real estate appraisal or valuation review experience.

Preferred Qualifications:

• 6+ years of professional real estate appraisal or valuation review experience in commercial real estate or banking .
• Certified General Real Estate Appraiser license or MAI designation.
• Strong knowledge of USPAP, FIRREA, and federal banking regulations governing real estate collateral.
• Experience evaluating complex commercial property types and market analysis models.
• Experience reviewing appraisals for new construction LIHTC developments and has an understanding of the IRS Section 42 Housing Program and rent restrictions relative to HUD’s Area Median Income (AMI).

At this time, Capital One will not sponsor a new applicant for employment authorization, or offer any immigration related support for this position (e.g. H1B, F-1 OPT, F-1 STEM OPT, F-1 CPT, J-1, TN, E-3, and O-1, or any other forms of work authorization that require immigration support from an employer).

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

McLean, VA: $177,700 - $202,800 for Appraiser III

Richmond, VA: $161,500 - $184,300 for Appraiser III

Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate’s offer letter.

This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at theCapital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

This role is expected to accept applications for a minimum of 5 business days.

No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City’s Fair Chance Act; Philadelphia’s Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com

Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.

Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).