Sr. Collateral Appraiser
Job Details
Denver - Denver, CO
Full Time
Bachelors Degree
Real Estate
nature of position

As an asset based lender, this position plays a central role ensuring the overall collateral quality held by CHFA.  As such, the incumbent serves as an expert and liaison throughout the company providing technical/knowledge support, advice, and recommendations for complex and difficult real estate, appraisal, valuation, economic, and market condition matters.


essential functions


  • Engage third party appraisers for commercial lending appraisals.
  • Review appraisals ensuring they meet applicable appraisal standards and that reported values are reasonable and supportable.  Complete an Appraisal Review Report for the loan file and be available to answer questions from the applicable loan officer, Loan Committee, or other interested CHFA parties.
  • Prepare annual evaluations on CHFA’s multi-family and commercial properties loan portfolio.
  • Provide valuation assistance for loan closings when appraisals have become more than 12-month old.
  • Maintain and update CHFA’s Appraisal and Review Guidelines on a biannual basis.

Tax Credit Market Study:

  • Discuss market areas with third party market analysts prior to Tax Credit submissions.
  • Review and analyze all submitted market studies; provide a summary report to Tax Credit officer outlining the review, analyses, recommendations, and any concerns regarding the proposed project; and be available for questions at Tax Credit Committee.
  • Annual update of LIHTC Statewide Income Eligibility Tables.
  • Update and maintain existing LIHTC property data spreadsheet and maps.
  • Assist in annual update of LIHTC QAP.

Section 8 Rent Comparability Study:

  • Review all Section 8 rent comparability studies (RCS) and complete required HUD review forms.  Be available for any questions from CHFA and/or HUD staff regarding the study.

Market/Economic Conditions:

  • Obtain and maintain third party market data sources (e.g. Apartment Insights, CoStar, and Ribbon Demographics).
  • Monitor apartment and general market conditions throughout the state; provide technical support and advice upon request; and participate in various presentations.

Special Projects:

  • Complete valuation and/or market related projects upon request.
Knowledge, skills and abilities
  • Knowledgeable in
    • real property issues and rights (e.g. construction, design, management, lending, taxation, easements, eminent domain, environmental, etc.)
    • valuation methodologies and techniques
    • appraisal and review standards (e.g. USPAP, FIRREA, HUD, etc.)
    • market data research
  • Knowledge of the LIHTC, New Market Tax Credit, Section 8 programs.
  • Strong financial analysis, economic, verbal and written communication, planning, and organizational skills with an attention to detail required.
  • Must be able to multi-task and work with a wide range of people with diverse interests. 
  • Must possess a working competency in all software typically used in the appraisal, lending, and affordable housing industries. 
  • Abilities that reflect our values:
    • Ability to continuously improve and develop knowledge and skills, while adapting quickly to changing circumstances and processes.
    • Ability to work towards inclusion in all activities, and decisions through the solicitation and appreciation of diverse perspectives.
    • Ability to exercise personal accountability in all activities and decisions.
    • Ability to embrace a culture of operational excellence to ensure processes are continually evaluated and improved as necessary.
    • Ability to operate with a sense of integrity.
    • Ability to have fun with a demonstrated sense of humor.
    • Ability to establish rapport with persons of diverse ethnic, racial, and cultural backgrounds.


  • Bachelor’s degree in Business, Finance, Real Estate, Economics, or a related field.
  • Must be a Certified General Appraiser in Colorado and demonstrate compliance with continuing education requirements.
  • MAI designation preferred.
  • 10+ years of commercial real estate appraisal experience in various property types, with 3+ years of commercial review experience with various property types.
  • Primary experience in multifamily property desired; experience in all property types as well as affordable housing programs preferred.
  • Demonstrable skills in financial and economic analyses.
  • Excellent data research skills.
  • Experience with appraisal and market study analysis and review.
  • Proven ability to multi-task and work with a wide range of people with diverse interests.
  • Experience with the LIHTC and New Market Tax Credit programs is desirable.

equipment used

Telephone; personal computer; financial calculator; photocopy, and vehicle.

physical environment

The incumbent in this position will perform the essential functions of the position primarily in an office environment, which requires sitting for long periods at a desk. Must be able to assess the physical condition of the properties which may require accessing areas such as individual units, roofs, basements, boiler rooms, common areas, etc., which may or may not be handicapped accessible.  To access these areas, the incumbent may be required to walk, crawl, climb, and move and position items.   This position requires travel within the state, including occasional overnight trips.

validation statement

This job description is a general description of essential job functions. It is not intended as an employment contract, nor is it intended to describe all duties someone in this position may perform.

salary range

$74,483 – $119,172 + annual bonuses

benefit information

  • Comprehensive medical, dental, and vision insurance plans, with competitive rates
  • Generous Paid Time Off, including paid volunteer time, and  leave programs
  • Please visit our benefits page for additional information

how to apply

Internal candidates:   Please send  your resume along with internal job application to

External candidates:  Please submit your resume online at - Job Opportunities Tab


With respect to its programs, services, activities, and employment practices, Colorado Housing and Finance Authority assesses qualified individuals without regard to their race, color, religion, sex, (including pregnancy, sexual orientation, or gender identity), age, national origin, disability, veteran status, genetic information, or other protected status. Requests for reasonable accommodation, or any complaints alleging violation of this nondiscrimination policy should be directed to the nondiscrimination coordinator, 1.800.877.2432, CHFA 1981 Blake street, Denver co 80202, available weekdays 8:00 a.m. to 5:00 p.m.