RERC has hired E. Tye Neilson as managing director to lead RERC’s Bank and Lending Valuation Management Division.
Neilson joins RERC from Wells Fargo Bank N.A., where he most recently served as chief appraiser.
In his role, Neilson will focus on expanding the firm’s innovative and independent valuation management, valuation review, analytics, regulatory, and workflow technology solutions, according to a RERC press release.
Neilson will report to Brian Velky, managing director and global head of valuation advisory for RERC.
“RERC is the clear market leader and innovator in the valuation and valuation management industry, offering customized solutions that meet a variety of regulatory reporting requirements, and support client internal requirements for data capture, third-party independent validations and balance sheet valuations,” Neilson said in the release. “I am excited to be joining this world-class firm and look forward to working with the team and the broader SitusAMC family as we expand our services and technologies across our global client base and deliver truly superior client outcomes."
During his 28-year career at Wells Fargo, Neilson was responsible for overseeing a staff of 150 valuation experts. Prior to Wells Fargo, he worked in the valuation departments at First City Bank in Houston and at two other private investment firms, the company said.
“Our Bank and Lending Valuation Management Division has expanded at a significant pace in both the U.S. and Europe over the past three years,” RERC President Ken Riggs said. “Tye joins an already accomplished team, which includes former chief appraiser of Deutsche Bank, James Molloy, who joined the firm in 2018 to lead the Regulatory Practice group.”
Velky added Neilsen, who assumed his role Jan. 6, will be an excellent addition to the leadership team.
“He will leverage his institutional banking experience to support the firm’s global expansion, delivering market-based solutions that meet the scale requirements of our client base," Velky said.
RERC is a leading provider of independent valuation services and applied research in the U.S. and Europe. It is a wholly owned subsidiary of SitusAMC, which is the leading independent provider of commercial and residential real estate strategic advisory, outsourcing, talent and technology Solutions, supporting the entire life cycle of real estate debt and equity.