Commercial Evaluations Analyst - Remote Opportunity

First American; Connecticut; Remote; USD 80,000 - 100,000; Full time

Job summary

An established industry player is seeking a detail-oriented analyst to join their team. In this role, you will analyze commercial properties, conduct thorough evaluations, and provide insights that inform market value assessments. You will collaborate with experienced team members, gaining valuable insights while contributing to impactful decisions. The company is committed to fostering a diverse and inclusive environment where your unique skills and perspectives are valued. If you are passionate about real estate and eager to grow in a supportive setting, this opportunity is perfect for you.

Benefits

Medical Insurance

Dental Insurance

Vision Insurance

401k Plan

Paid Time Off

Sick Leave

Employee Stock Purchase Plan

Qualifications

• 2-5 years of experience in real estate or appraisal.
• Understanding of commercial evaluation concepts and practices.

Responsibilities

• Analyze property characteristics and input data into reports.
• Conduct searches for comparable sales and estimate market value.
• Recommend adjustments and complete income approach evaluations.

Skills

Real Estate Analysis

Communication Skills

Organizational Skills

Problem-Solving Skills

Analytical Skills

Education

Bachelor's Degree

Tools

Microsoft Office

CoStar

Loopnet

Job description

Join a team that puts its People First! As a member of First American's family of companies, Mortgage Solutions provides lenders with solutions to originate, close, and service quality loans. Since 1889, First American (NYSE: FAF) has held an unwavering belief in its people. They are passionate about what they do, and we are equally passionate about fostering an environment where all feel welcome, supported, and empowered to be innovative and reach their full potential. Our inclusive, people-first culture has earned us numerous accolades, including being named to the Fortune 100 Best Companies to Work For list for ten consecutive years. We have also earned awards as a best place to work for women, diversity, and LGBTQ+ employees, and have been included on more than 50 regional best places to work lists. First American will always strive to be a great place to work, for all. For more information, please visit www.careers.firstam.com.

What We Do

The primary responsibility is to fulfill Commercial Evaluation Reports requested through the system. Analysts utilize algorithms and analyze results from commercial databases to search for comparable sales, analyze similar sales, and prepare comparisons using qualitative analysis to form an opinion of the market value of the property. Analysts are expected to complete searches for three comparable sales, analyze various factors, and make recommendations or conclusions. Assistance from more experienced team members will vary depending on task complexity. Work is reviewed before being sent to the lender.

What You'll Do

1. Analyze information on subject property physical characteristics provided by Assessor's websites or via telephoning offices; input information into reports electronically, checking for errors and additional information needs.
2. Conduct searches for comparable sales; using the Sales Comparison Approach, estimate market value for the subject property. May need assistance from senior analysts or leads.
3. Analyze comparable data in addition to database information (e.g., CoStar, Loopnet), including deed types, transaction types, and property use. Assistance from senior analysts or managers may be required.
4. Recommend adjustments for factors such as condition, quality, age, effective age, LTB ratio, sale date, and sale condition. Typically requires assistance from leads for these adjustments.
5. Recommend weighting of comparables to produce a value estimate for review and approval.
6. With guidance, complete income approach and/or land evaluation.

What You'll Bring

• Bachelor's Degree
• Typically 2-5 years of experience in real estate, with a real estate/lender or appraisal firm
• Understanding of fundamental concepts, practices, and procedures of commercial evaluation
• Excellent verbal and written communication skills
• Strong organizational skills, ability to multitask, prioritize, and work under pressure
• Excellent problem-solving, decision-making, and analytical skills
• Proficiency with Microsoft Office

Salary Range: $22.80 - $30.38 Hourly

This range is an estimate at the time of posting and pay depends on various factors including knowledge, skills, experience, business needs, and location.

What We Offer

We embrace individuality and support diversity, equity, and inclusion as key to our success. We foster an authentic and inclusive workplace for all, encouraging you to bring your entire, unique self to work. First American is an equal opportunity employer.

Note for candidates in Los Angeles County

First American considers all qualified applicants, including those with arrest or conviction records, in accordance with applicable laws. We conduct criminal history reviews in connection with a conditional offer, especially where it relates to handling confidential information, financial transactions, or customer requirements.

We offer a comprehensive benefits package including medical, dental, vision, 401k, PTO, sick leave, and other benefits like an employee stock purchase plan.