Commercial Evaluations Analyst - Remote Opportunity

First American; Kentucky; Remote; USD 60,000 - 80,000; Full time

Job summary

Join an innovative team dedicated to putting people first! This role involves analyzing commercial properties and conducting evaluations to determine market values. You will work collaboratively with experienced team members to ensure accuracy and deliver high-quality reports to lenders. The company fosters a diverse and inclusive environment, celebrating individuality and supporting growth. With a strong commitment to employee well-being, this is an exciting opportunity to thrive in a rewarding career while making a meaningful impact in the real estate industry.

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.
• Understanding of commercial evaluation concepts.

Responsibilities

• Analyze property characteristics and conduct market value estimations.
• Search for comparable sales and recommend adjustments.

Skills

Real Estate Analysis

Communication Skills

Organizational Skills

Problem Solving

Microsoft Office Proficiency

Education

Bachelor's Degree

Tools

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 will 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 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. Receives assistance from senior analysts or managers.
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 to derive a value estimate for review and approval.
6. With significant direction and assistance, complete an 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 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 at the time of posting. Pay is based on factors including 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 just because it's right, but because it's key to our success. We foster an authentic and inclusive workplace For All. You are encouraged to bring your entire, unique self to work.

Note for candidates working from an unincorporated area within Los Angeles County:

First American will consider all qualified applicants, including those with arrest or conviction records, in accordance with applicable laws such as the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act.

We will conduct a review of criminal history in connection with a conditional offer, considering whether a criminal history has a direct, adverse, and negative relationship with the job duties, which could lead to withdrawal of the offer.

Our comprehensive benefits package includes medical, dental, vision, 401k, PTO/sick leave, and other benefits like an employee stock purchase plan.