Commercial Evaluations Analyst - Remote Opportunity

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

Job summary

Join a forward-thinking company that prioritizes its people and fosters an inclusive workplace. As a Commercial Evaluation Analyst, you will play a vital role in analyzing property data and determining market values. With a strong emphasis on collaboration and support, you will work closely with experienced team members to ensure accurate evaluations. The ideal candidate will possess excellent communication and analytical skills, along with a solid understanding of commercial evaluation practices. This role offers a unique opportunity to contribute to a respected organization that values diversity and innovation.

Qualifications

• 2-5 years of experience in real estate 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 for various property factors.

Skills

Verbal Communication

Written Communication

Organizational Skills

Problem-Solving

Analytical Skills

Education

Bachelor's Degree

Tools

Microsoft Office

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 Assessors' websites or by telephoning offices; input information into reports electronically to determine errors and whether 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 (e.g., CoStar, Loopnet), including but not limited to inappropriate deed types, non-arms-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. Usually requires assistance from leads for these adjustments.
5. Recommend weighting of comparables to send 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 multitask, 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 an estimate of the base pay at the time of posting. Pay is based on factors including 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 and fosters an authentic and inclusive workplace for all. You are encouraged to bring your whole, unique self to work. First American is an equal opportunity employer.