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WG Dorrance and Company Credentials

 

WILLIAM G. DORRANCE
12943 West 3rd Place,
Lakewood, Colorado, 80228
 Mobile  (303) 941-3980
wdorrance@comcast.net

 

 

Banking Executive

More than 15 years in valuation and review of complex investment grade commercial real estate assets. Effectively and creatively managed team of appraisal review professionals providing supportable real estate values on commercial properties throughout the U.S.

  • Regional liaison with bank officials, asset managers, contract appraisers and internal/external compliance auditors for the 3rd largest construction lender in the country.
  • Consistently exceeded performance on both internal and external (OCC) compliance audits while employed at three-national banking institutions.  MAI member of the Appraisal Institute in good standing.

 

Skillful in diffusing controversies between appraisers, underwriters and bank officers

 

 

Professional

Experience

WG Dorrance and Company – Denver, CO
Principal

  • Specializing in the review of complex commercial real estate appraisals throughout the U.S.  
  • Clients include super regional, community banks and local/national investors.

 

2010–Present
 

National Valuation Consultants, Inc. – Denver, CO
Director

  • A full-service real estate valuation and consulting firm providing services throughout the United States.
  • Performed internal reviews and quality control of NVC, Inc. appraisals.
  • Review quality control oversight for an Asset Management Account involving 900 investment grade assets throughout the U.S. valued at $70 billion.

 

2009–2010
 

KeyBank National Association – Denver, CO
Senior Vice President/Regional Manager

  • Managed seven-review officers with $6.0 billion (2008) in collateral based lending.
  • Promoted objective analysis of real property valuation through efficient appraisal ordering and review, policy adherence, and compliance with banking regulations (i.e. OCC, FIRREA and USPAP).
  • Reviewed complex commercial property appraisals throughout the U.S. with concentration in Colorado, Texas, Arizona, Utah, Nevada and New Mexico for 15 lines of business.  Emphasis on Income Property, Subdivisions, Conduit and Life & Pension with loan dollars personally reviewed averaging $20 million per property.
  • Regional liaison with bank officers, asset managers and contract appraisers.
  • Exceeded performance on both internal and external (OCC) compliance audits.

 

1996–2009
 

WG Dorrance and Company – Denver, CO
Principal

  • Independent Commercial Appraiser specializing in the valuation and review of a variety of
    income producing properties.

 

1993–1996
 

U.S. Bank – Denver, CO
Corporate Review Appraiser

  • Established appraisal review department, including development of policy, communication and database tracking systems.
  • Participated in bringing appraisals and policies in compliance with banking regulations (i.e. OCC, FIRREA and USPAP).
  • Acted as liaison with bank officers, asset managers, contract appraisers and water engineers.
  • Reviewed a variety of commercial property appraisals, including water rights valuations, throughout Colorado and Wyoming for Special Assets and New Commercial Loan departments.

 

1992–1993
 

First Interstate Bank – Denver, CO
Review Appraiser

  • Assisted in development and implementation of appraisal review department including policy creation, memorandums, and database tracking system.
  • Took part in bringing appraisals and policies into compliance with banking regulations (i.e. OCC, FIRREA and USPAP).
  • Acted as liaison with bank officers, asset managers, appraisers and water engineers.
  • Reviewed commercial property appraisals throughout Colorado, New Mexico, Montana, and Wyoming for OREO, special assets, and new loans.

 

1991–1992
 

Hornberger Company – Colorado Springs, CO
Independent Fee Appraiser

  • Appraised and reported on a variety of commercial properties with an emphasis on vacant land, subdivision analysis, and retail.

 

1990-1991
 

Schwartz and Company – Denver, CO
Independent Fee Appraiser

  • Prepared appraisal reports for commercial properties with a concentration on office, retail, and special purpose properties (i.e. athletic clubs etc.).

 

1988-1990
 

James Real Estate Services – Denver, CO
Commercial Appraiser

  • Appraised and reported on commercial properties with an emphasis on subdivision analysis,
    and retail.

 

1987-1988
 

Cushman & Wakefield of Colorado – Denver, CO
Commercial Appraiser

  • Assisted in the preparation of appraisal reports on various commercial properties with a concentration on condemnation assignments and vacant land.

 

1984-1987
     
Previous Employment
  • EPA Enforcement Officer – Pesticides, PCB and Asbestos
  • State of Colorado  Air Pollution Enforcement Officer
  • Jefferson County Water and Wastewater Manager
 
     
Professional Affiliations:  
     
Education:
  • University of Colorado - Graduate Courses in Administration and Urban Planning
  • University of Charleston - Charleston, West Virginia - Bachelor of Science Degree
 
     
Proffesional Skills:

Proficient in the following computer software programs:

  • ARGUS (Argus Valuation-DCF Training – Completion 2 Day Class)
  • Microsoft Office Excel and Microsoft Office Word