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Commercial Evaluation Analyst - Remote

Company: First American
Location: Irving
Posted on: April 17, 2019

Job Description:

COMPANY SUMMARY

Join our team! As a global leader in providing title insurance, settlement services and risk solutions for real estate transactions, First American Financial Corporation (NYSE: FAF) is an ideal place to build your career. We have been entrusted with helping our customers achieve and protect their dream of homeownership since 1889. As a member of the First American family of companies, First American Professional Real Estate Services provides integrated escrow, closing, title production system, document imaging, trust accounting services, 1099 services, and much more.We believe that our people are the key to the company s continued success. Because our employees enable our future, we invest in theirs by supporting their careers and promoting their overall wellbeing. First American has created an award-winning culture and has been named to the Fortune 100 Best Companies to Work For 2018 list for the third consecutive year and to more than 50 regional Best Places to Work lists. For more information, visit http://www.firstamprs.com/.

JOB SUMMARY

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 propriety. 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.

POSITION MAY BE REMOTE.

ESSENTIAL FUNCTIONS

* 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

* Conduct a search for comparable sales; using the Sales Comparison Approach, estimate market value for subject property. May need assistance from senior analysts or leads

* 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

* 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

* Recommend weighting of comparables in order for a value estimate to be sent to the reviewer for approval

* With significant direction and assistance, complete an income approach and/or land evaluation

KNOWLEDGE AND SKILLS/TECHNOLOGY USED

* 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

TYPICAL EDUCATION

* Bachelor s degree

TYPICAL RANGE OF EXPERIENCE

* Typically has 2-5 years of experience in real estate with a real estate/lender or appraisal firm

First American invests in its employee s development and well-being, empowers them to provide superior customer service and encourages them to serve the communities where they live and work. First American is committed to diversity and inclusion. We are an equal opportunity employer. For more information about our Company and our dedication to putting People First, check out firstam.com/careers..

Keywords: First American, Irving , Commercial Evaluation Analyst - Remote, Professions , Irving, Texas

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