Commercial Evaluations Analyst - Remote Opportunity

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

Job summary

Join a forward-thinking company that values its people and fosters a culture of inclusivity and support. As a Commercial Evaluation Analyst, you will play a crucial role in analyzing property data and market values, providing insights that help shape real estate decisions. Your expertise will guide lenders in making informed choices, and your contributions will be recognized in a collaborative environment. With a commitment to diversity and personal growth, this role offers an exciting opportunity to develop your skills while being part of a team that celebrates individuality and innovation.

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 for comparable properties.

Skills

Analytical Skills

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 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 are expected to complete searches 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 or by telephoning offices; input information into reports electronically to determine errors and identify if additional information is needed.
2. Conduct a search for comparable sales; using the Sales Comparison Approach, estimate the market value for the subject property. May need assistance from senior analysts or leads.
3. Analyze comparable data from databases (e.g., CoStar, Loopnet), including but not limited to inappropriate deed types, non-arm's-length transactions, multiple parcel sales, and multiple-use property types. Assistance from senior analysts or managers may be required.
4. Recommend adjustments for fields such as 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 produce a value estimate for review and approval.
6. With significant direction, 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 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 hiring range is an estimate of the base pay at the time of posting. Pay is based on factors including knowledge, skills, experience, business requirements, and location.

What We Offer

We embrace individuality and support diversity, equity, and inclusion as key to our success. Our People First Culture celebrates and fosters an authentic and inclusive workplace for all. You are encouraged to bring your full, unique self to work. First American is an equal opportunity employer.

Note: These statements apply only to candidates working from an unincorporated area within Los Angeles County.

First American considers all qualified applicants, including those with arrest or conviction records, in accordance with applicable laws (e.g., Los Angeles County Fair Chance Ordinance, California Fair Chance Act).

First American may review criminal history in connection with a conditional offer. This review is related to job duties involving handling confidential information, financial transactions, and customer requirements.