Commercial Evaluations Analyst - Remote Opportunity

First American; Hyde Park Township (IL); Remote; USD 60,000 - 80,000; Full time

Job summary

Join a forward-thinking company that values its people and fosters an inclusive environment. In this role, you'll be responsible for analyzing commercial properties and preparing evaluation reports. With a focus on collaboration and support, you'll utilize your analytical skills and real estate knowledge to provide valuable insights. This position offers the opportunity to grow within a respected organization that prioritizes diversity and employee well-being. If you're passionate about real estate and eager to contribute to a team that celebrates individuality, this is the perfect opportunity for you.

Benefits

Medical Insurance

Dental Insurance

Vision Insurance

401k Plan

Paid Time Off

Employee Stock Purchase Plan

Qualifications

• 2-5 years of experience in real estate or appraisal.
• Solid understanding of commercial evaluation concepts and procedures.

Responsibilities

• Analyze property characteristics and input data for reports.
• Conduct searches for comparable sales and estimate market value.
• Recommend adjustments and weightings for comparable properties.

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 our company 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 retrieved 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 should have a solid understanding to complete a search for three comparable sales for the subject property, analyze various factors, and make recommendations or present 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/telephoning offices; input information into report electronically to determine errors and if additional information is needed.
2. Conduct a search 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 what is presented by the database (CoStar, Loopnet, etc.) including but not limited to; inappropriate deed types, non-arms-length transactions, multiple parcel sale transactions, and multiple use property types. Assistance from senior analysts or managers may be required.
4. Recommend adjustments for fields including condition, quality, age, effective age, LTB ratio, sale date, sale condition, etc. Typically requires assistance from leads for these adjustments.
5. Recommend weighting of comparables in order for a value estimate to be sent to the reviewer for approval.
6. With significant direction and assistance, complete an income approach and/or land evaluation.

What You'll Bring

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

Salary Range: $22.80 - $30.38 Hourly

This hiring range is a reasonable estimate of the base pay range for this position at the time of posting. Pay is based on a number of factors which may include job-related knowledge, skills, experience, business requirements, and geographic location.

What We Offer

By choice, we don't simply accept individuality - we embrace it, support it, and thrive on it! Our People First Culture celebrates diversity, equity, and inclusion not simply because it's the right thing to do, but also because it's the key to our success. We are proud to foster an authentic and inclusive workplace For All. You are free and encouraged to bring your entire, unique self to work. First American is an equal opportunity employer in every sense of the term.

** Note that the following statements only apply to candidates who will be working from an unincorporated area within Los Angeles County. **

First American will consider for employment all qualified applicants, including those with arrest or conviction records, in a manner consistent with the requirements of applicable state and local laws (e.g., the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act).

First American intends to conduct a review of an applicant's criminal history in connection with a conditional offer. First American reasonably believes that a criminal history may have a direct, adverse, and negative relationship with the following material job duties for this position, potentially resulting in the withdrawal of the conditional offer of employment: handling of confidential, proprietary or trade secret information belonging to First American or its customers, administrating or facilitating financial transactions, and the ability to meet customer-imposed criminal history requirements.

Based on eligibility, First American offers a comprehensive benefits package including medical, dental, vision, 401k, PTO/paid sick leave, and other great benefits like an employee stock purchase plan.