Commercial Evaluations Analyst - Remote Opportunity

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

Job summary

An innovative company is seeking a motivated individual to join its team as a Commercial Evaluation Analyst. In this pivotal role, you will analyze property data, conduct market comparisons, and assist in determining property values. With a strong emphasis on teamwork and support, you will collaborate with experienced analysts to enhance your skills and contribute to impactful evaluations. This role offers a unique opportunity to thrive in a people-first culture that values diversity and inclusion while delivering quality solutions to clients in the real estate sector. If you are passionate about real estate and eager to grow in a supportive environment, this position is perfect for you.

Qualifications

• 2-5 years of experience in real estate with a lender or appraisal firm.
• 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 weightings for comparable properties.

Skills

Real Estate Analysis

Communication Skills

Organizational Skills

Problem Solving

Analytical Skills

Education

Bachelor's Degree

Tools

Microsoft Office

CoStar

Loopnet

Job description

Who We Are

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/present conclusions. Assistance required 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 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.