Commercial Evaluations Analyst - Remote Opportunity

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

Job summary

Join a forward-thinking company that values its people and fosters a supportive environment. As an analyst, you will play a crucial role in evaluating commercial properties, utilizing your analytical skills to provide insights and recommendations. With a commitment to diversity and inclusion, this role offers a chance to thrive in a collaborative culture while contributing to meaningful projects. Embrace the opportunity to grow your career in a respected firm that prioritizes employee well-being and professional development.

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, preferably in 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 various property factors.

Skills

Real Estate Analysis

Communication Skills

Organizational Skills

Problem-Solving Skills

Microsoft Office Proficiency

Education

Bachelor's Degree

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 believed in its people. They are passionate about their work, and we foster an environment where all feel welcome, supported, and empowered to innovate and reach their full potential. Our inclusive, people-first culture has earned numerous accolades, including being named to the Fortune 100 Best Companies to Work For list for ten consecutive years. We have also been recognized as a best place to work for women, diversity, and LGBTQ+ employees, and featured on over 50 regional best places to work lists. First American strives to be a great place to work for all. For more information, 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 from Assessor's websites or by telephoning offices; input information into reports electronically, check for errors, and determine if additional information is needed.
2. Conduct searches for comparable sales; use the Sales Comparison Approach to estimate market value. May need assistance from senior analysts or leads.
3. Analyze comparable data beyond what is presented by the database (e.g., CoStar, Loopnet), including deed types, non-arms-length transactions, multiple parcel sales, and different property types. 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, this requires assistance from leads.
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
• 2-5 years of experience in real estate, preferably 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 range is an estimate at the time of posting; pay depends on knowledge, skills, experience, business needs, and location.

What We Offer

We embrace individuality and support diversity, equity, and inclusion as keys to our success. Our People First Culture celebrates authentic and inclusive workplaces where you can bring your full self. First American is an equal opportunity employer.

**Note for candidates working from unincorporated areas within Los Angeles County:**

We consider all qualified applicants, including those with arrest or conviction records, consistent with applicable laws (e.g., Los Angeles County Fair Chance Ordinance, California Fair Chance Act).

We may review criminal history after a conditional offer, especially if 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.