Position Summary:
The Evaluations Acquisition Analyst is a member of the Evaluations Acquisition Team. The goal of the EA team is to source, evaluate, setup, and assist in acquiring real estate assets for clients or Fay Servicing entities.
While working collaboratively within the Evaluations and Acquisitions Team, the Evaluation Acquisition Analyst will complete larger scale projects in: the building, developing, and managing our nationwide broker network; utilizing the protocol and procedures in place for desktop bidding on renovation projects; and gathering market trends and sales data to initially evaluate potential real estate assets. The result of this initial work-flow will be provided to management for possible purchase.
Qualifications:
The ideal candidate will have the ability to switch gears in a fast-paced environment. They will need to have responsible and effective written and oral communication with both internal and external parties; Critical thinking and problem solving; a sales-person mentality; knowledge of real estate purchase transactions; knowledge of real estate valuation techniques, particularly single-family; and real estate, particularly single family, renovations/repairs.
The Evaluation Acquisition Analyst is a liaison between the sales team/ field operations (brokers, general contractors), the construction team (Constructive Renovations), the brokerage (GenStone), and the closing team (TCE).
Essential Functions & Responsibilities:
Broker Procurement and Maintenance:
- Discover and Source geographic-specific real estate agents to provide qualified real estate leads pursuant to our broker network procedures Create and maintain professional relationships via phone and email to ensure business has a constant supply of leads.
- Manage the broker networks by educating them and refining and directing broker sourced leads so that everyone has greater conversion percentage.
- Work with on-site broker network to provide recommendations on bringing properties to marketable status.
- Work with on-site broker network produce data to support and validate both current AS IS and future- after repaired values.
- Work with on-site broker network to identify sub-markets and neighborhoods with profitable return on investment. This means gaining insight on market trends and neighborhoods.
Quality Control & Desktop Estimation:
- Verify that broker is providing recent ARV comparable sales within the immediate neighborhood of the asset.
- Confirm broker has provided all necessary photos for desktop bid completion.
- Verify current condition of subject and identify repairs needed to increase ARV.
- Work with broker to narrow or broaden repair renovation scope to improve market value of asset.
- Obtain county and public records to confirm improvements to the land/asset.
- Verify prior sales of asset and comparable sales in the market.
- Estimate building/construction costs for single family renovations using full set of photos and information sourced by field representative (broker).
- Visually inspection (through photos) properties for quality of construction, current condition, special features, and functionality and how it relates to marketability
Evaluation:
- Identify and evaluate neighborhoods where properties are situated with locations that have market trends of impeding changes that could influence future values.
- Utilize third party data for recent sales and market trends.
- Complete initial financial model putting together all pieces in the process thus far.
- Submit for review to EA Team Manager.
- Complete revision requests, which typically include phone calls and follow up emails to brokers or information data gathering from public records.
Additional Duties & Responsibilities:
- Bulk/Mass Evaluation
- Analyze market trends
- Assist other departments based upon workflow needs: REO, Constructive Renovation, GenStone, TCE
Qualifications Required:
- College degree preferred or equivalent work experience
- Single Family Residence Construction, Single Family Residence Acquisition and Disposition, Valuation Techniques, Market Trends and Factors that Influence Value
- Ability to switch gears in a fast-paced environment
- Responsible and effective written and oral communication with both internal and external parties
- Critical thinking and problem solving; a sales-person mentality; knowledge of real estate purchase transactions; knowledge of real estate valuation techniques, particularly single-family; and real estate, particularly single family, renovations/repairs.
